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Political ties could prove double-edged sword for Chinese chipmaker

2015-07-15 02:03:09| Electronics - Topix.net

When Intel CEO Brian Krzanich flew into Beijing last October to tie down an investment in Tsinghua Unigroup, a Chinese chip maker, Unigroup CEO Zhao Weiguo whisked him into a meeting at China's Ministry of Industry and Information Technology , where a vice minister blessed the deal. On Tuesday, following reports that Unigroup was preparing to launch the biggest Chinese takeover bid of a U.S. company, Zhao could not be reached for comment.

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