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Intel, Tsinghua Unigroup

2014-09-28 10:58 Global Times Web Editor: Qin Dexing

Intel Corporation and Tsinghua Unigroup, an operating subsidiary of Tsinghua Holdings Co, jointly announced on Saturday they have signed a series of agreements.

The agreements are aimed at expanding the product offerings and adoption for Intel-based mobile devices in China and worldwide by jointly developing Intel Architecture and communications-based solutions for mobile phones.

Intel also has agreed to invest up to 9 billion yuan ($1.5 billion) for a minority stake of approximately 20 percent of Spreadtrum Communications and RDA Microelectronics, holding companies under Tsinghua Unigroup. The stake purchase is subject to regulatory approvals and other closing conditions.

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