China sentences Zhao Weiguo, ex-chair of state-backed chip firm Tsinghua Unigroup, to death with a two-year reprieve, a de facto life sentence, for corruption
Zhao Weiguo once led highflying semiconductor firm supported by Beijing — China convicted the former chairman …
China's anti-graft watchdog begins to investigate ex-Tsinghua Unigroup Chairman Zhao Weiguo, the latest executive to be ensnared in its chip corruption dragnet
China's top anti-graft watchdog has begun an investigation of former Tsinghua Unigroup Chairman Zhao Weiguo …
Foxconn's Xingwei agrees to sell its entire stake in embattled Chinese chip conglomerate Tsinghua Unigroup for ~$771.79M
Sources: Taiwan's national security officials want Foxconn to unwind its $800M stake in Chinese chip company Tsinghua Unigroup, which was announced in July 2022
Kathrin Hille / Financial Times :
Report: Chinese authorities have detained Zhao Weiguo, former chairman and major shareholder of the heavily indebted state-backed chipmaker Tsinghua Unigroup
the latest aggressive billionaire dealmaker to fall foul of Xi's government ... via @ftchina & @caixin https://www.ft.com/... @sreemoytalukdar : “Zhao especially benefited from state support during th...
Sources: Foxconn Industrial Internet took a minority stake in Chinese state-backed chipmaker Tsinghua Unigroup for $788M during Unigroup's $9B bailout by China
A Shanghai-listed arm of Foxconn Technology Group acquired a stake in China's top chipmaker during its $9 billion bailout …
Sources: China's state-backed chipmaking company Tsinghua Unigroup has abandoned memory projects in two cities as US sanctions limit access to vital components
Nikkei Asia :
The heavily indebted Chinese chip conglomerate Tsinghua Unigroup says a consortium led by two state-backed VC firms would become its strategic investor
Yang Jie / Wall Street Journal :
Chinese chip manufacturer Tsinghua Unigroup, which is saddled with ~$30.8B in liabilities, is seeking a huge bailout from investors amid bankruptcy proceedings
Unigroup requires a strategic investor with minimum total assets worth US$7.7 billion or US$3.1 billion in minimum net assets …
Sources: Chinese chip manufacturer Tsinghua Unigroup signed a deal last month to acquire French smart chip components maker Linxens for about €2.2B
Kane Wu / Reuters :