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China’s Tsinghua Unigroup has Apple (AAPL) supplier Qualcomm (QCOM) in its sights, planning to invest $47 billion over the next five years to leapfrog Qualcomm and become the world’s No. 3 chipmaker. And Tsinghua’s ambitions could find it swallowing up smaller chipmakers such as Maxim Integrated (MXIM), Micron Technology (MU) and Xilinx (XLNX). The state-owned investment group must outplay U.S. companies scrambling amid frenzied chip sector M&A Scalper1 News
Scalper1 News