Intel to invest $1.5b in China mobile chipmakers
(Xinhua) Updated: 2014-09-26 15:33
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A logo of Intel is pictured at a mall in Hangzhou city, East China's Zhejiang province, September 26, 2014. [Photo/IC] |
BEIJING - Intel on Friday said it has agreed to invest 9 billion yuan ($1.5 billion) for a 20 percent stake in a new holding company under Tsinghua Unigroup which owns leading mobile chipmakers Spreadtrum Communications and RDA Microelectronics.
The deal is still subject to regulatory approvals.
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