Technology
dealsIntel Spends $1.5 Billion to Bolster China Market Access
Intel Corp., struggling to break into the market for chips that run smartphones, will spend as much as 9 billion yuan ($1.5 billion) on a stake in Tsinghua Unigroup Ltd., owner of two Chinese chip designers, to speed up its access to the world’s largest mobile market, reported Bloomberg.
Intel will take a maximum 20 percent in the owner of Spreadtrum Communications Inc. and RDA Microelectronics Inc., the Santa Clara, California-based company said in a statement. Spreadtrum will develop products jointly with Intel that will be marketed to its domestic phone-manufacturing customers from the second half of 2015. Tsinghua is a state-funded corporation.
Intel which already has plants in China, said in May it was teaming up with China’s Fuzhou Rockchip Electronics Co. on a new product for mobile devices. The chipmakers signed an agreement to jointly offer a quad-core processor and integrated modem called Sofia, which will be available in the first half of 2015. Rockchip will market the chip to its Chinese customers.
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