4 Reasons for Intel's $1.5 Billion Bet in China
Chip firm to piggyback on China's IC dream
Junko Yoshida, EETimes
9/26/2014 01:20 PM EDT
China's national quest to expand its domestic semiconductor industry suddenly looks more realistic and even winnable now that Intel Corp., the world's largest semiconductor company, has revealed a plan to invest up to RMB 9 billion ($1.5 billion) -- to get a roughly 20% stake in the semiconductor business under Tsinghua UniGroup. The Chinese government-affiliated private equity company controls the Chinese chip designers Spreadtrum Communications and RDA Microelectronics.
China is buying its way into the global semiconductor market. Getting Intel on its side early on in its quest for a global presence will only accelerate the process -- much faster than China doing everything from scratch and competing head on with advanced semiconductor firms.
E-mail This Article | Printer-Friendly Page |
Related News
- Intel to Pay NVIDIA Technology Licensing Fees of $1.5 Billion
- Synopsys Approves Stock Repurchase Program with Authorization Up to $1.5 Billion
- Apple to Buy Intel's Modem Business for $1 Billion
- China's Unigroup plans to spend $60 billion, says report
- China's Tsinghua Secures $22 Billion in State Backing
Breaking News
- Fractile raises $15m seed funding to develop radical new AI chip and unlock exponential performance improvements from frontier AI models
- Ceva Bluetooth Low Energy and 802.15.4 IPs Bring Ultra-Low Power Wireless Connectivity to Alif Semiconductor's Balletto Family of MCUs
- Agile Analog delivers customizable IP on GlobalFoundries' FinFet and FDX processes
- Ian Walsh appointed as Sondrel's Regional VP for America
- Systems Designed Today Must Support Post-Quantum Cryptography Tomorrow
Most Popular
- Imagination Technologies announces new capital investment from Fortress Investment Group
- Alphawave Semi: Q2 2024 Trading and Business Update
- Agile Analog delivers customizable IP on GlobalFoundries' FinFet and FDX processes
- Efinix Releases Topaz Line of FPGAs, Delivering High Performance and Low Power to Mass Market Applications
- Comcores supports BAE systems as a key partner with JESD204C IP