Debt-saddled Tsinghua Unigroup to turn from top buyer to big seller of semiconductor assets

Tsinghua Unigroup, a technology conglomerate affiliated with China’s top university, is moving closer to bankruptcy restructuring after years of debt-fuelled acquisitions in the semiconductor industry, kicking off a potential scramble for its assets by creditors and other interested parties.Two Shenzhen-listed subsidiaries, information technology infrastructure provider Unisplendour Corp and integrated circuits designer Unigroup Guoxin Micro, announced in separate filings last week that their…


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