Strategic investors led by JAC Capital and Wise Road Capital pony up promised funds on deadline, clearing overhaul to proceed

Bidders for the $46 billion business with a prominent role in China’s chipmaking ambitions include SOEs from Guangdong, Beijing and Wuxi, plus Alibaba

Debt-laden Tsinghua Unigroup gets on the fast track for bankruptcy reorganization with $46 billion of assets and China’s most ambitious semiconductor project at stake

Unisoc’s rise on back of sales to Huawei's former budget phone brand Honor comes even as parent Tsinghua Unigroup faces court-led restructuring

Fundraising round highlights China’s ongoing drive to build up its domestic industry to lessen dependence on foreign firms