China-based Tsinghua Unigroup is going to raise 80 billion RMB (US$12.6 billion; US$1=6.35 RMB) via its subsidiary Tongfang Guoxin in a private placement for the construction of a new memory chip factory and acquisitions of semiconductor companies, reported China Securities Daily on November 6. According to the company's plan, 60 billion RMB (US$9.4 billion) will be used to build a memory chip factory, which is likely to make NAND memory chips at a monthly capacity of 120,000 pieces; 3.8 billion RMB (US$598 million) will be used to buy a 25% stake in the Taiwanese chipmaker PTI; 16.2 billion RMB (US$2.6 billion) will go toward acquisitions in the upstream and downstream of the semiconductor supply chain.