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Embattled Tsinghua Unigroup seeks fresh start under new chairman

Debt restructuring brings Chinese chipmaker under fund ownership

China is working to bolster its chip supply chains through companies like Tsinghua Unigroup amid growing tensions with the U.S.   © Reuters

CHONGQING -- Tsinghua Unigroup has appointed the head of its new parent as chairman, the state-backed Chinese chipmaker said, as the debt-laden company overhauls its leadership team.

The company announced the appointment of Li Bin, the chief of Beijing Zhiguangxin Holding, on Monday.

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