China’s largest chip manufacturer allegedly wants to buy a key U.S. chip manufacturer, Micron Technology, in what would be the largest Chinese takeover of a U.S. company in history.
The purchase is still just a rumor, and would likely never go through due to the complex history the United States has with finding serious security issues in Chinese-made computer chips.
The Chinese company is the state-run Tsinghua Unigroup. An unnamed source told New York Times the company has prepped $23 billion to purchase Idaho-based Micron Technology. The current largest purchase of a U.S. company by a Chinese state-run company was in 2013, when Shuanghui International Holdings of China purchased Smithfield Foods for $4.7 billion.
Daniel Francisco, senior communication manager at Micron Technology, declined to comment, saying in an email that “Micron does not comment on rumor or speculation.” According to technology news website ZDNet, Micron Technology management said it has not received a bid from Tsinghua Unigroup.