“China’s state-backed Tsinghua Unigroup Ltd is preparing a $23 billion bid for U.S. memory chip maker Micron Technology Inc (MU.O), in what would be the biggest Chinese takeover of a U.S. company, people familiar with the matter said. A successful bid would consolidate Tsinghua Unigroup’s position as a champion for China’s technology development, after it struck deals and research partnerships with international firms in the semiconductor industry. The company is controlled by Tsinghua University in Beijing, which counts President Xi Jinping among its alumni, and is backed by China’s central government.”
http://www.reuters.com/article/2015/07/14/us-micron-tech-m-a-tsinghuaunigroup-idUSKCN0PO02B20150714
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