Intel Pays $1.5 Billion For Stake In Chinese Firms
Santa Clara-based semiconductor giant Intel Corporation said this morning that it has agreed to pay $1.5 billion for a stake in two, Chinese semiconductor companies, both of whom are owned by Tsinghua Holdings Co.. Intel said it would pay $1.6 billion (RMB 9 billion) for approximately 20 percent of Tsinghua Unigroup, giving it stakes in Spreadtrum Communications and RDA Microelectronics. Both of the companies develop chipsets for smart phones and the wireles industry.
posted on Friday, September 26, 2014
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