The finances of Tsinghua Unigroup, the company spear-heading China’s effort in the chip business, are under question as its dollar-denominated debt has collapsed in value. Today, Unigroup put out a statement that it has $2.4 billion in cash plus off-shore credit lines worth $36 billion, and that it hasn’t defaulted on its debt. In the ...

This story continues at China Unigroup denies debt default, claims it’s solvent

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