Mar 28 2017, 12:20 PMMar 29 2017, 5:05 PMMarch 28 2017, 12:20 PMMarch 29 2017, 5:05 PM
Top Chinese chip manufacturer Tsinghua Unigroup has secured up to CNY150bn ($22bn) of financing from government-backed lender Nanjing Development Bank and a national chip fund, according to a statement by Unigroup. The state-linked firm is building a $30bn memory chip production complex in the eastern city of China that will be the biggest in Nanjing when completed, part of a drive to position the nation as a semiconductor design and manufacturing leader.