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State-backed investors to inject capital in Chinese chip conglomerate Unigroup

Alibaba was competing with state-backed Jianguang Asset Management to purchase Unigroup to bolster its fledgling chip division. ....

New York , United States , China General , Tsinghua Unigroup , Zhao Weiguo , Yangtze Memory Technology Company , Alibaba Group Holding Co Ltd , Beijing Jianguang Asset Management , Wise Road Capital , Jianguang Asset Management , Didi Chuxing ,

China's chip conglomerate Unigroup gets state-backed investors, Alibaba out of deal

By Josh Horwitz (Reuters) -A consortium led by Beijing Jianguang Asset Management and Wise Road Capital will become a strategic investor in Chinese ch. ....

New York , United States , China General , David Goodman , Tsinghua Unigroup , Mark Potter , Zhao Weiguo , Josh Horwitz , Tom Dalyediting , Yangtze Memory Technology Company , Alibaba Group Holding Co Ltd , Beijing Jianguang Asset Management , Wise Road Capital , Jianguang Asset Management , Didi Chuxing , Reporting Josh Horwitz , Beijing Newsroomwriting ,

The Chinese firm behind the acquisition of the UK's largest chip plant is state backed, analysis shows

The Chinese firm behind the acquisition of the UK’s largest chip plant is state backed, analysis shows
CNBC
18 hrs ago
Sam Shead
Wingtech Technology is heavily backed by the Chinese Communist Party, according to analysis from Chinese investment screening specialists Datenna.
Wingtech is the Chinese owner of Dutch chip firm Nexperia, which confirmed on Monday that it plans to buy the U.K. s largest chip plant.
Almost 30% of Wingtech s shares can be traced back to the Chinese government, Datenna found.
© Provided by CNBC
LONDON The Chinese owner of a Dutch chip firm that wants to buy the U.K. s largest chip plant is heavily backed by the Chinese Communist Party, according to analysis from Chinese investment screening specialists Datenna. ....

United Kingdom , Carbis Bay , South Korea , Republic Of China , Taiwan General , City Of , Jaap Van Etten , Tsinghua Unigroup , Frans Scheper , Tom Tugendhat , Xuezheng Zhang , Administration Commission Of The State Council , Wuxi Guolian Industrial Investment Co , Foreign Affairs Select Committee , National Security , China Wingtech Technology , Chinese Communist Party , Wingtech Technology , Imagination Technologies , Industrial Development Equity Investment Fund Partnership , China Research Group , Newport Wafer Fab , Photo Illustration , Getty Images , Netherlands Based Nexperia , State Owned Assets Supervision ,

Most Read articles - M-Code GPS, Intel No. 1, Neuromorphic sensing

There's BAE Systems' contract to supply advanced Military Code (M-Code) GPS modules, reports of Arm going into cost reduction mode, Intel in pole position for worldwide semiconductors, the Newport Wafer Fab under threat and the size of the neuromorphic sensing market. ....

United Kingdom , South Korea , Us Defense Logistics Agency , Military Code , Newport Wafer Fab , Logistics Agency , May Update , Wafer Fab , Jianguang Asset Management , Wise Road Capital , ஒன்றுபட்டது கிஂக்டம் , தெற்கு கொரியா , சாப்ட் பேங்க் , இராணுவம் குறியீடு , நியூபோர்ட் செதில் ஃபேப் , இருக்கலாம் புதுப்பிப்பு , செதில் ஃபேப் , பாண்டித்தியம் சாலை மூலதனம் ,

China in Newport Wafer Fab stealth grab

China in Newport Wafer Fab stealth grab
Newport Wafer Fab is under threat of being taken over by Chinese interests.
Nexperia, the NXP standard products unit which, in 2016, was sold to Chinese financial companies – Jianguang Asset Management and Wise Road Capital – has appointed two directors to the Newport Wafer Fab board after a contract dispute.
In December 2029, WingtechTechnology – a Shanghai computer and telecom equipment manufacturer – obtained a controlling stake in Nexperia from Jianguang.
Nexperia which is still headquartered in the Netherlands, said: “Nexperia is the second largest shareholder in Newport Wafer Fab since 2019 and has contractual rights to appoint board members in defined circumstances. Since these circumstances have arisen, Nexperia has exercised these rights.” ....

United Kingdom , Jianguang Asset Management , Wise Road Capital , Newport Wafer Fab , United Kingdom Government , ஒன்றுபட்டது கிஂக்டம் , பாண்டித்தியம் சாலை மூலதனம் , நியூபோர்ட் செதில் ஃபேப் , ஒன்றுபட்டது கிஂக்டம் அரசு ,