An anonymous reader writes: In an interview with Reuters, the head of China's Tsinghua Unigroup has revealed they will invest 300 billion yuan ($47bn) over the next five years with the ambition of becoming the world's third largest chip-maker. The state-backed company, also the technological investment arm of Tsinghua University, is in talks with an unnamed U.S. company (most likely Micron) though Zhao discounts the possibility of buying a controlling share as politically insensitive.
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