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(Yicai Global) June 3 -- Shares of Unigroup Guoxin Microelectronics soared after the unit of China's Tsinghua Unigroup told that it is becoming the main cluster for the state-controlled chipmaker's semiconductor business, sealed in a deal worth CNY18 billion (USD2.6 billion).
Unigroup Guoxin's share price [SHE: 002049] rose by the daily limit of 10 percent today to CNY49.6 (USD7.20).
The firm announced its plans to acquire Unigroup Liansheng Technology, another unit of Tsinghua Unigroup, whose main asset is French smart chip components provider Linxens, the Tangshan-based buyer said in a statement.
The acquisition will improve the Beijing-headquartered parent's technical reserves and expand its businesses, the statement added.
Unigroup Liansheng made its largest overseas asset acquisition by buying Linxens for USD2.6 billion last year, Caijing Magazine reported earlier. Guyancourt-based Linxens has 3,000 employees and it posted nearly EUR500 million (USD558 million) in operating income last year.
Tsinghua Unigroup is controlled by China's Ministry of Education and the firm functions under Beijing's Tsinghua University. The company's two semiconductor units, including Unisoc Communications, make mobile phone and security chips.
Editor: Emmi Laine