SHANGHAI -- Chinese state-backed chipmaker Hygon Information Technology and server producer Dawning Information Industry, better known as Sugon, have agreed to merge as the country races to cut dependence on foreign suppliers.
Technology
China chipmaker Hygon, server maker Sugon agree to merger
Move comes as Beijing races to boost domestic supply amid growing US tensions
Hygon as of May 23 had a market capitalization of 316.4 billion yuan ($43.9 billion), while Sugon's was 90.6 billion yuan. (Source photos from Getty Images and Hygon website)
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