China's Tsinghua Unigroup to invest $47 billion to build chip empire

BEIJING/HONG KONG (Reuters) - China's Tsinghua Unigroup Ltd plans to invest 300 billion yuan ($47 billion) over the next five years to build the world's third-biggest chipmaker, the chairman of the state-backed technology conglomerate said on Monday.

from Reuters: Technology News http://ift.tt/1WV1zPy