Tsinghua Unigroup Ltd. merged its memory chipmaking operations with Chinese government-run XMC’s, creating one of the country’s largest manufacturers of semiconductors.
The company is folding XMC, also known as Wuhan Xinxin Semiconductor Manufacturing Corp., into its growing portfolio of assets and consolidating their combined production capacity, Tsinghua’s billionaire chairman Zhao Weiguo said via e-mail. The newly merged entity is called Changjiang Storage Co. with Zhao as chairman, he said.
