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Caixin

Rescuing China's would-be chipmaking champion

Debt-laden Tsinghua Unigroup on fast track for bankruptcy reorganization

Unigroup, majority owned by Tsinghua University in Beijing, was once at the forefront of China's drive to develop a domestic semiconductor industry.   © AP

Tsinghua Unigroup is on a fast track for asset restructuring under pressure from creditors as the once high-flying maker of computer chips is mired in a nearly two-year debt crisis. At stake are nearly $46 billion of assets and one of China's most ambitious semiconductor investment projects.

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