Tsinghua Unigroup which owns Yangtze Memory and  Unisoc has gone bust. “Creditors said that our Group cannot pay off due debts, and assets are insufficient to pay off the debts –  the Group has obviously become insolvent,” says Tsinghua. Tsinghua said it has applied to the Beijing No. 1 Intermediate People’s Court for reorganization. Unigroup ...

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