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China’s chip conglomerate Tsinghua Unigroup to expand globally, with Southeast Asia a target

  • The company wants to expand manufacturing and research capabilities in Southeast Asia, chairman Li Bin said at a regional summit
  • The company, one of China’s chip champions, is also considering establishing an investment platform to fund projects in the region

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Tsinghua Unigroup, a major driver of China’s semiconductor self-sufficiency campaign, wants to expand manufacturing and research capabilities in Southeast Asia, its chairman says. Photo: Shutterstock
Reuters

Chinese state-owned semiconductor conglomerate Tsinghua Unigroup plans to accelerate its international expansion, with Southeast Asia an important target region, its chairman, Li Bin, said on Wednesday.

Tsinghua Unigroup operates three factories in Indonesia, Malaysia and Singapore, Li told a forum in the Indonesian capital, Jakarta, on the sidelines of a regional summit, and it aims to expand manufacturing and R&D capabilities in Southeast Asia.

Li also said the Tsinghua Unigroup was considering establishing an investment platform to fund projects in the region, adding that Southeast Asian investment institutions were encouraged to participate in the platform.

China is seeking to achieve self-sufficiency in semiconductor manufacturing in the face of increased sanctions from the US and its allies.

The Tsinghua Unigroup, which traces its roots to Tsinghua University, has played a major role in the effort, with some of its subsidiaries getting funding from the government or state-owned firms.

Tsinghua Unigroup has expanded rapidly over the past few years, mainly through acquisitions, and its portfolio of companies is involved across the semiconductor supply chain.

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