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Intel To Invest $1.5 Billion In 20 Percent Stake In Chinese Semiconductor Companies

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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Indonesian youth walk past an Intel sign during Digital Imaging expo in JakartaBEIJING (Reuters) - Intel Corp will invest $1.5 billion in a 20 percent stake in two semiconductor units of China's state-owned Tsinghua Unigroup, the Chinese company said on its website on Friday. Intel's stake will be via a newly created holding company that owns the units Spreadtrum Communications and RDA Microelectronics, Unigroup said, adding that the deal is still waiting for government approval. (Reporting by Gerry Shih; Editing by Ryan Woo)




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