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Intel to invest $1.5 billion in 20 percent stake in Chinese semiconductor companies

Intel to invest $1.5 billion in 20 percent stake in Chinese semiconductor companies

BEIJING (StartName) – 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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