(Digital Marketing Agency, restartbox.com)- Well-established Intel Corp is reportedly preparing a whopping $1.5 billion for a 20 percent share in two Chinese mobile chipmakers, Spreadtrum Communications and RDA Microelectronics, in an attempt to genuinely challenge fellow chipmaker heavyweight Qualcomm Inc. QCOM.O.
The landmark deal would enable Intel to support both China-based chipmakers in chip design and development, an area deemed to be of vital strategic importance.
“It has become a national priority of China to grow its semiconductor industry,” said Zhao Weiguo, the chairman of Tsinghua Unigroup owning the two chipmakers.
“The strategic collaboration between Tsinghua Unigroup and Intel ranges from design and development to marketing and equity investments, which demonstrate Intel’s confidence in the Chinese market and strong commitment to Chinese semiconductor industry.”
Intel Prepares a Stunning $1.5 Billion for Deals with Two China-Based Chipmakers
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