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Intel to invest 1.5 bln USD in China mobile chipmakers

2014-09-26 15:25 Xinhua Web Editor: Gu Liping

Intel on Friday said it has agreed to invest 9 billion yuan (1.5 billion US dollars) for a 20 percent stake in a new holding company under Tsinghua Unigroup which owns leading mobile chipmakers Spreadtrum Communications and RDA Microelectronics.

The deal is still subject to regulatory approvals.

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