China semiconductor investment fund reportedly targets Globalfoundries

ChinaDigi Times — China’s National Integrated Circuit Industry Investment Fund reportedly has targeted Globalfoundries for acquisition in order to allow China to secure 14nm FinFET foundry process technology in a fast manner, according to sources from Taiwan’s semiconductor industry. China-based Hua Capital Management, which manages the national semiconductor industry investment fund on behalf of the central government, has approached Globalfoundries for possible cooperation through an investment bank, said the sources.

http://www.digitimes.com/news/a20150831PD209.html

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