Beijing: 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.
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