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China chipmaker Hygon, server maker Sugon agree to merger

TechnologyMove comes as Beijing races to boost domestic supply amid growing US tensionsHygon as of May 23 had a market capitalization of 316.4 billion yuan ($43.9 billion), while Sugon's was 90.6 billion yuan. (Source photos from Getty Images and Hygon website)SHANGHAI -- Chinese state-backed chipmaker Hygon Information Technology and server producer Dawning Information Industry, better known as Sugon, have agreed to merge as the country races to cut dependence on foreign suppliers.The companies...

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