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

Reuters News
Posted: Sep 26, 2014 12:20 AM

BEIJING (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)