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China's Tsinghua Unigroup reported to have acquired control of XMC

( July 26, 2016, 10:11 GMT | Insight) -- MLex Summary: Tsinghua Unigroup, China’s largest chip designer, has acquired a majority stake in Wuhan Xinxin Semiconductor Manufacturing, or XMC, The Wall Street Journal reported, citing unnamed sources familiar with the matter. The deal will facili...MLex Summary: Tsinghua Unigroup, China’s largest chip designer, has acquired a majority stake in Wuhan Xinxin Semiconductor Manufacturing, or XMC, The Wall Street Journal reported, citing unnamed sources familiar with the matter. The deal will facilitate a project that aims to enhance the capability of Chinese tech companies to produce memory chips, the report said....

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