China's Tsinghua Unigroup to invest $12b on memory chip factory

China's Tsinghua Unigroup to invest $12b on memory chip factory

Tsinghua Unigroup Website

Chinese technology conglomerate TsinghuaUnigroup Ltd plans to invest 80 billion yuan ($12.6 billion) in building a new memory chip factory and making acquisitions, channelling the funds into a private placement by an affiliate announced late on Thursday.

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