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China: Intel acquisitions heat up semiconductor competition

 |  October 14, 2014

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.

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