Business Korea
By Michael Her, SEOUL, KOREA, Jul. 28, 2016 –
China merged its two big semiconductor companies into one under the catchphrase "Rise of Chinese semiconductor." It draws much attention whether or not a Chinese semiconductor giant will be born.
On July 26, the Wall Street Journal reported that Tsinghua Unigroup took of the half of equities in XMC, a government-run semiconductor company. Tsinghua Unigroup founded Changjiang Storage Co. by combining its semiconductor production business and XMC.