The two targets are Siliconware Precision Industry and ChipMOS – it wants to take 25 percent in each of these firms, with the first costing $1.7 billion and the ChipMOS share $347 million, according to Electronics Weekly.
Tsinghua already has a chunk of hard drive firm Western Digital and has attempted to buy US DRAM manufacturer Micron, as well as Taiwanese firms MediaTek and Powertech. The US and Taiwanese governments are believed to have put a spanner in the works for all these three.
According to Electronics Weekly, the Taiwanese government is unlukely to block the investments because they will be minority shares.
The Chinese government has pledged to grow its semiconductor industry over the next five years.