China tech powerhouse Tsinghua bets $7.5 billion on R&D, urges faster reforms State-backed Chinese technology group Tsinghua Holdings plans to spend $7.5 billion on research and development over the next five years, accelerating China’s drive to build a high-value semiconductor industry to challenge global chipmaking rivals. As the firm that controls acquisitive chip supplier Tsinghua Unigroup outlined the target, its …
