China's largest chip-maker Tsinghua raises $22b warchest to chase M&As

China's largest chip-maker Tsinghua raises $22b warchest to chase M&As

Tsinghua Unigroup logo is seen at its office in Beijing, China, November 15, 2015. REUTERS/Kim Kyung-Hoon

Tsinghua Unigroup Ltd. has clinched as much as 150 billion yuan ($22 billion) of financing from two Chinese government-backed investors, amassing a pool of funds to pursue acquisitions and build a world-class semiconductor industry.

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