Well-Funded Unigroup Chips Away at Tech Sector

(Beijing) – A Beijing-based conglomerate vying for what could be the largest-ever acquisition of a foreign company by a Chinese buyer is tapping a multi-billion yuan war chest and riding China's push into semiconductor chip manufacturing.

Tsinghua Unigroup Ltd.'s buyout fund, with which it hopes to purchase U.S.-based Micron Technology Inc., the world's third-largest maker of semiconductor memory chips, includes 30 billion yuan in cash and 10 billion yuan from a Ministry of Finance fund, Unigroup Chairman Zhao Weiguo told Caixin in an exclusive interview in late December.