WASHINGTON/BEIJING: The chairman of China's Tsinghua Unigroup travelled to the United States this week to meet with board members of Micron Technology and try to revive a politically fraught takeover bid of the US chipmaker, people familiar with the matter said.
Micron dismissed an informal US$23bil (RM96.30bil) offer by state-backed investment firm Unigroup in July on the presumption that the US regulatory committee that reviews foreign acquisitions of sensitive US companies would block the deal on national security concerns, sources have said.