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

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter