Intel Pays $1.5 Billion for Stake in Chinese Chip Maker
Intel has acquired a 20% stake in China’s Tsinghua Unigroup, a state-owned company that owns China’s second and third largest chip designers, Spreadtrum Communications and RDA Microelectronics. Intel spent $1.5 billion to acquire the stake, which it says will enable Intel to increase its presence in the smartphone and tablet markets. China’s Ministry of Industry … Read more