Investing $70 billion 

China's Tsinghua Unigroup is set to put the fear of god into the chip industry by rapidly expanding its chipmaking capability.

Two new IC companies to enter market by late 2017

According to a report from IC insights, the market for DRAM and NAND flash ICs is expected to increase 10 percent in 2017 after weak market conditions left the market in a one percent decline by the end of 2016.