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China: Chipmaker merges with state-owned Tsinghua

By  |  November 11, 2013

China’s state-owned Tsinghua Unigroup announced plans to acquire RDA Microelectronics in a $910 million deal, reports say.

Tsinghua Unigroup is funded by Tsinghua University and said it will acquire RDA Microelectronis, which manufacturers radio-frequency chips for mobile devices.

The companies say they plan to close the deal in the first half of next year.

A rival bid for the company was made by Shanghai Pudong Science and Technology Investment Co, but ultimately lost to Tsinghua Unigroup.

Full Content: Reuters

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