NEW INVESTMENT: Intel Corp said it will pay as much as US$1.5bil (RM4.88bil) for a 20% stake in two mobile chipmakers with ties to the Chinese government, in the hopes of catching up in a smartphone chip industry dominated by rival Qualcomm Inc.
BEIJING/SAN FRANCISCO: Intel Corp said it will pay as much as US$1.5bil (RM4.88bil) for a 20% stake in two mobile chipmakers with ties to the Chinese government, in the hopes of catching up in a smartphone chip industry dominated by rival Qualcomm Inc.
Intel will acquire the stake in Spreadtrum Communications and RDA Microelectronics through a deal with Tsinghua Unigroup, a government-affiliated private equity firm which owns the two mobile chipmakers.
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