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China debt crunch

Tsinghua Unigroup restructuring receives go-ahead from court

2 state-backed funds will own China's former national chipmaking champion

The chipmaker is 51% owned by Tsinghua University, the alma mater of Chinese President Xi Jinping.   © Reuters

CHONGQING -- A plan to restructure Tsinghua Unigroup, once China's national champion in semiconductor manufacturing, under two state-owned investment funds has been given the green light by a Beijing court.

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