HONG KONG—China’s top state chip manufacturer Tsinghua Unigroup has signed a deal to acquire French smart chip components maker Linxens for about 2.2 billion euros ($2.6 billion), five people with direct knowledge of the matter said.
The deal, which the sources said was signed over a month ago but has not yet been announced publicly, will be a key test of European regulators’ stance on Chinese investment in the region, which has grown in recent months amid China’s worsening trade relations with the United States.
