From PC World: Intel is investing 9 billion yuan (US$1.5 billion) in two Chinese chip companies with an eye to boosting its presence in the country’s booming mobile phone market.
The two fabless semiconductor companies develop mobile chipset platforms for smartphones, feature phones and other consumer electronics products, which support 2G, 3G and 4G wireless communications standards, Intel said Friday.
The U.S. chipmaker will acquire a minority stake of about 20 percent in a holding company which will own the chip firms - Spreadtrum Communications and RDA Microelectronics.
The two chip companies have links to the state. The holding company, in which Intel is investing, is being set up under Tsinghua Unigroup, an operating subsidiary of Tsinghua Holdings, which is a solely state-owned company funded by Tsinghua University in China. Tsinghua Unigroup said in July it had acquired RDA for $907 million.
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