That is what Reuters says in its report today. The following is the full text of the report:
Exclusive: China’s Tsinghua Unigroup to invest $47 billion to build chip empire
BEIJING/HONG KONG | By Paul Carsten and Yimou Lee Mon Nov 16, 2015 8:28am EST
China’s Tsinghua Unigroup Ltd plans to invest 300 billion yuan ($47 billion) over the next five years in a bid to become the world’s third-biggest chipmaker, the chairman of the state-backed technology conglomerate said on Monday.
Chairman Zhao Weiguo also told Reuters in an interview in Beijing that the company controlled by Tsinghua University, which counts President Xi Jinping among its alumni, was in talks with a U.S.-based company involved in the chip industry.
A deal could be finalized as early as the end of this month, he said…
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