JAC buys Tsinghua Unigroup

Author: EIS Release Date: Apr 12, 2022

JAC Capital, a state-backed Chinese fund for investing in the semiconductor industry, has completed its takeover of Tsinghua Unigroup which owns Yangtze Memory.

 

JAC should have completed the deal on March 31st but missed the payment of the final tranche of $9.4 billion needed to complete the purchase.

 

JAC won an auction for Unigroup, besting a rival bid from Alibaba and Wise Road Capital.

 

Yangtze Memory’s NAND is currently being evaluated by Apple.