September 26, 2014 / 4:35 AM / in 3 years

Intel to invest $1.5 billion in 20 percent stake in Chinese semiconductor companies

BEIJING (Reuters) - Intel Corp will invest $1.5 billion in a 20 percent stake in two semiconductor units of China’s state-owned Tsinghua Unigroup, the Chinese company said on its website on Friday.

Indonesian youth walk past an Intel sign during Digital Imaging expo in Jakarta March 5, 2014. REUTERS/Beawiharta

Intel’s stake will be via a newly created holding company that owns the units Spreadtrum Communications and RDA Microelectronics, Unigroup said, adding that the deal is still waiting for government approval.

Reporting by Gerry Shih; Editing by Ryan Woo

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