Intel wants a bigger bite of China's smartphone market.
The US chipmaker has announced plans to invest up to Rmb9bn (about $1.5bn) for a minority stake in Tsinghua Unigroup, a government-affiliated private equity fund that controls Chinese chip designers Spreadtrum Communications and RDA Microelectronics.
The US company plans to work with RDA and Spreadtrum to increase the use of its products inside made-in-China mobiles and tablets.
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