Category: Tsinghua Unigroup

Investors Worldwide Further Reduce Stakes in Chinese Tech Firms, Some Shift Investment to Taiwan

December 26, 2022
AlibabaBerkshire HathawayBusiness & MarketsBYDChinaChina Business & EconomyCompaniesFoxconnInflation Reduction ActInvestmentSoftbankTaiwantariff evasionTencentTsinghua UnigroupTSMCWarren Buffet
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New Analysis Amid a grim outlook of the Chinese economy, particularly its technology sector, foreign investors have been cashing out their gains on Chinese stocks, fearing their values might plummet further. Meanwhile, some investors have turned their attention to Taiwanese tech firms. Berkshire Hathaway, Warren Buffett’s investment firm, has reduced its holdings of BYD, a…

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Eight Chinese Officials Sacked in Semiconductor Chip Industry

August 6, 2022
ChinaChina Business & EconomyChinese RegimeMIITsemiconductor chipsTsinghua Unigroup
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At least eight senior officials in China’s semiconductor chip industry were sacked in the past months. The Chinese Communist Party’s (CCP) watchdog—Central Commission for Discipline Inspection (CCDI)—announced most of the cases in late July, while state-run media announced some other cases. Both CCDI and the media said the eight officials were under investigation. “Under investigation”…

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Foxconn Could Be Fined for Investing in Chinese State-Backed Chipmaker Without Regulatory Approval

July 21, 2022
Asia & PacificChinaChina Business & EconomyChina's semiconductor industryFoxconnSpecial TopicsTaiwanTech CompetitiontechnologyTsinghua UnigroupWorld
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Taiwanese electronics contract manufacturer Hon Hai Technology Group (best known internationally as Foxconn) could be fined for not seeking regulatory approval for investing in the embattled mainland Chinese state-backed chipmaker Tsinghua Unigroup, Reuters reported. Hon Hai could face a fine of up to NT$25 million ($835,586) for not first seeking approval for the investment from…

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China’s Chip Ambitions Fade as Chip Giant Faces Bankruptcy

July 22, 2021
blacklistBusiness & EconomyChinachipsemiconductorTaiwantechnologyTsinghuaTsinghua UnigroupUnited StatesUS-China relations
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Tsinghua Unigroup, a Chinese state-backed chip maker, said it received court notice that one of its creditors had initiated bankruptcy proceedings for the group, dated July 12. Tsinghua Unigroup is a commercial arm of China’s Tsinghua University and an integral part of Chinese Leader Xi Jinping’s semiconductor self-reliance dream. One of its creditors had requested…

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