China Likely to Give Birth to a Semiconductor Giant

Business Korea

By Michael Her, SEOUL, KOREA, Jul. 28, 2016 – 

China merged its two big semiconductor companies into one under the catchphrase "Rise of Chinese semiconductor." It draws much attention whether or not a Chinese semiconductor giant will be born.

On July 26, the Wall Street Journal reported that Tsinghua Unigroup took of the half of equities in XMC, a government-run semiconductor company. Tsinghua Unigroup founded Changjiang Storage Co. by combining its semiconductor production business and XMC.

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