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 China Development Bank and a national chip fund, according to a statement by Unigroup. The deal is the latest in a series of deals between China's state-owned enterprises (CSOs) and foreign firms that have boosted their presence on the global semiconductor market.