JAC buys Tsinghua Unigrouo

JAC Capital, a state-backed Chinese fund for investing in the semiconductor industry, has completed its takeover of Tsinghua Unigroup which owns Yangtze Memory. JAC should have completed the deal on March 31st but missed the payment of the final tranche of $9.4 billion needed to complete the purchase. JAC won an auction for Unigroup, besting …

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