China to invest $47B to build world leading chip company

The Chinese investment company, Tsinghua Unigroup Ltd, plans to invest $ 47 billion in the next five years to become the world largest chipmaker.

In an interview, Chairman Zhao Weiguo hinted Reuters that the next few weeks there could be a purchase deal for a big chip maker in the United States. “If you can’t be the top-three giant, it will be very hard to develop your business in the chip industry,” he told Reuters.

The name of Tsinghua increased recently highlighted by two key events: In September 2014 it signed a cooperation agreement with Intel, which Intel has invested $ 1.5 billion for 20% stake. The strategic agreement with Intel includes implementation of joint research and development, marketing and joint future investments.

In July this year tried Tsinghua to purchase the memory manufacturer Micron for $ 23 billion. But this attempt was not successful.