The Failure of Tsinghua Unigroup Tests China’s Tech Ambitions

In 2015, an obscure company run by a real estate mogul woke the world to China’s ambitions in semiconductors, the foundational technology that powers computing. Laden with state funding and political backing, the company made jaws drop with a $23 billion bid to buy the American chip maker Micron. Six years on, China’s would-be microchip …

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