Tsinghua eyes up MediaTek

ChinaThe Chinese state backed consortium Tsinghua Unigroup wants to take over successful chip firm Mediatek.

China has a long range plan to grow its semiconductor industry and according to a report in Digitimes, Tsinghua’s chairman Zhao Weiguo said that if Taiwan lifts its ban on Chinese firm, there could well be a merger of the companies.

MediaTek said that it would be happy to talk with Tsinghua in a merger provided that Taiwanese government restrictions were lifted.

Although Taiwan does not allow Chinese companies to take shares in companies on the island, there’s a great deal of self interest in both countries cooperating.

For example, many Taiwanese semiconductor firms have factories in mainland China.