作者:
Time:
2017
-
05
-
26
Browse:
207
Home appliances and consumer electronics maker TCL Corporation is setting up a 10-billion yuan fund with Tsinghua Unigroup Ltd, China's largest chipmaker controlled by Beijing-based Tsinghua University, for mergers and acquisitions, the two companies announced on Tuesday.The fund will also be used for direct investment in the chip-making industry, TMT, and the government's key economic initiatives, including Made in China 2025 and Internet Plus."TCL and Tsinghua Unigroup have a profound grasp and strong influence on each other's industry, as well as rich investment experience in industrial upstream and downstream," said Li Dongsheng, chairman of TCL Corp. "The establishment of the fund will promote the future industrial upgrading and development of both parties,&...