Intel announced plans to acquire assets of two China-based semiconductor companies in a deal that will boost the US firm’s ability compete with chip-making leaders Qualcomm and Samsung.
According to reports, Intel is investing up to $1.5 billion for 20 percent of Tsinghua Unigroup. Government-affiliated Unigroup acquired Spreadtrum Communications and RDA Microelectronics last year, allowing Intel access to assets of both.
According to reports, China’s Ministry of Industry and Information Technology already approved the deal as the government works to become less dependent on imported chips.
Full content: Mobile World Live
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Meta Faces Roadblocks in India After Antitrust Ruling, Warns of Feature Rollbacks
Jan 15, 2025 by
CPI
Massachusetts AG Sues Insulin Makers and PBMs Over Alleged Price-Fixing Scheme
Jan 14, 2025 by
CPI
Apple and Amazon Avoid Mass Lawsuit in UK Over Alleged Collusion
Jan 14, 2025 by
CPI
Top Agent Network Drops Antitrust Suit Against National Association of Realtors
Jan 14, 2025 by
CPI
Weil, Gotshal & Manges Strengthens Antitrust Practice with New Partner
Jan 14, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – CRESSE Insights
Dec 19, 2024 by
CPI
Effective Interoperability in Mobile Ecosystems: EU Competition Law Versus Regulation
Dec 19, 2024 by
Giuseppe Colangelo
The Use of Empirical Evidence in Antitrust: Trends, Challenges, and a Path Forward
Dec 19, 2024 by
Eliana Garces
Some Empirical Evidence on the Role of Presumptions and Evidentiary Standards on Antitrust (Under)Enforcement: Is the EC’s New Communication on Art.102 in the Right Direction?
Dec 19, 2024 by
Yannis Katsoulacos
The EC’s Draft Guidelines on the Application of Article 102 TFEU: An Economic Perspective
Dec 19, 2024 by
Benoit Durand