U.S. chip maker Intel Corporation has agreed to invest up to RMB9 billion (US$1.5 billion) for approximately 20% of the holding company under Tsinghua Unigroup, a mobile chip maker and a subsidiary funded by China’s Tsinghua University, according to a joint announcement.
As part of the deal, the two parties will expand the product offerings and adoption for Intel-based mobile devices in China.
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