Report: China Has $47bn Chip Fund Focused on U.S. M&A

Peter Clarke, EETimes
11/17/2015 09:18 AM EST

LONDON—Tsinghua Unigroup intends to spend 300 billion yuan (about $47 billion) over the next five years to build up China's position in the chip industry, according to the company chairman speaking in an interview given to Reuters.

But investments and company takeovers are more likely in the United States than in Taiwan, chairman Zhao Weiguo said.

Zhao also told Reuters that Tsinghua Unigroup is in talks with a major U.S. chip company and that deal could be finalized by the end of the year. No further details were given except to say that Tsinghua was unlikely to take a majority stake as it would be "too sensitive" for the U.S. government.

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