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.
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 state-linked firm is building a $30bn memory chip production complex in the eastern city of Nanjing that will be the biggest in China when completed, part of a drive to position the nation as a semiconductor design and manufacturing leader.