JR Wu and Yimou Lee

China’s Tsinghua Unigroup buying 25% in Taiwan chip firm Powertech in $600m deal

Chinese state-backed technology conglomerate Tsinghua Unigroup Ltd is buying a 25 percent stake in Powertech Technology Inc for $600 million, becoming the largest shareholder in the Taiwanese chip packaging and testing company. The alliance, announced on Friday by both companies, is likely to help bolster the development of China’s fledgling… Read more »