Intel has invested $1.5bn for a 20% stake in semiconductor maker Spreadtrum Communications and RDA Microelectronics.
US-based semiconductor producer Intel is investing $1.5bn in a Chinese semiconductor venture, Spreadtrum Communications and RDA Microelectronics, in return for a 20% stake.
The venture is controlled by Tsinghua Unigroup, a state-owned company funded by Tsinghua University. Tsinghua Unigroup acquired Spreadtrum in December 2013 for $1.78bn and RDA in July 2014 for $907m, and has been establishing itself a force to be reckoned with in the mobile chip industry.
The venture will be manufacturing Intel-branded chips to be used in…
