The heavily indebted Chinese chip conglomerate Tsinghua Unigroup says a consortium led by two state-backed VC firms would become its strategic investor (Yang Jie/Wall Street Journal)

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The heavily indebted Chinese chip conglomerate Tsinghua Unigroup says a consortium led by two state-backed VC firms would become its strategic investor  —  Two state-backed venture capital firms will help the heavily indebted company restructure its assets  —  Tsinghua Unigroup Co. …

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