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Wow, they're investing 300 billion yuan over 5 years, and they only have ~12 billion yuan in annual revenue. There must be some monster loans being made availab

by ericd 11y ago

Wow, they're investing 300 billion yuan over 5 years, and they only have ~12 billion yuan in annual revenue. There must be some monster loans being made available...

pavlov 11y ago
It seems clear who's footing the bill: China's Tsinghua Unigroup Ltd plans to invest 300 billion yuan ($47 billion) over the next five years in a bid to become the world's third-biggest chipmaker, the chairman of the state-backed technology conglomerate said on Monday. Chinese government wants to be in CPUs. (Edit: Oops, the article talks about NAND. Well, they want to be in memory chips then, I guess.)
- ericd 11y ago
  Yeah, maybe s/loans/government grants/g
- simonh 11y ago
  I'm sure they do want to be in CPUs, and getting into NAND is a stepping stone towards that by building up a skills base in semiconductor manufacturing processes.