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BUSINESS & TECH

Unigroup Forges Deal for $9.5-Billion Chongqing Chip Plant

At least 17 major new chip plants are now under construction in China, by both domestic and foreign companies, in a spending spree worth more than $100 billion, according to industry tracking firm TrendForce. Photo: VCG
At least 17 major new chip plants are now under construction in China, by both domestic and foreign companies, in a spending spree worth more than $100 billion, according to industry tracking firm TrendForce. Photo: VCG

A group led by chip-making aspirant Tsinghua Unigroup will build a 60 billion-yuan ($9.5 billion) integrated circuit (IC) design and manufacturing facility in the interior city of Chongqing, the latest step in the company’s drive to become a world-class semiconductor maker.

Unigroup, which is based at leading sciences school Tsinghua University in Beijing, will team up with the Chongqing municipal government and Sino IC Capital on the project, which has a registered capital of up to 100 billion yuan, according to a Tuesday report in the Chongqing Daily posted on the municipal government’s website. The facility could absorb up to $100 billion in investment over the next 10 years, the report added.

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