The failure of China’s microchip giant tests Beijing’s tech ambitions
Six years on, China’s would-be microchip champion looks more like a national disappointment
July 19, 2021 / 08:02 PM IST
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 chipmaker Micron.
Six years on, China’s would-be microchip champion looks more like a national disappointment. The company, Tsinghua Unigroup, said this month that one of its creditors had initiated bankruptcy proceedings, raising the...