Intel will take a maximum 20 percent in the owner of Spreadtrum Communications Inc. and RDA Microelectronics Inc., the Santa Clara, California-based company said in a statement. Spreadtrum will develop products jointly with Intel that will be marketed to its domestic phone-manufacturing customers from the second half of 2015. Tsinghua is a state-funded corporation.
The investment is the latest move by Chief Executive Officer Brian Krzanich to jump-start stalled attempts to get Intel chips into phones, a market dominated by rival Qualcomm Inc. The alliance is Intel’s second with a Chinese company aimed at spreading the use of Intel’s mobile processors in a country where one service provider alone, China Mobile Ltd., has more subscribers than the population of the U.S.
Intel to make $1.5 billion investment in Chinese mobile chip makers
Posted on Friday, September 26 2014 @ 12:42 CEST by Thomas De Maesschalck