Intel also has agreed to invest up to RMB9 billion (about US$1.5 billion) for a minority stake of approximately 20% of the holding company under Tsinghua Unigroup which will own Spreadtrum Communications and RDA Microelectronics, subject to regulatory approvals and other closing conditions.
Both Spreadtrum and RDA, controlled by Tsinghua Unigroup, are fabless semiconductor companies in China. The companies develop mobile chipset platforms for smartphones, feature phones and other consumer electronics products, supporting 2G, 3G and 4G wireless communications standards.
"China is now the largest consumption market for smartphones and has the largest number of Internet users in the world," said Brian Krzanich, Intel CEO. "These agreements with Tsinghua Unigroup underscore Intel's 29-year-long history of investing in and working in China. This partnership will also enhance our ability to support a wider range of mobile customers in China and the rest of the world by more quickly delivering a broader portfolio of Intel architecture and communications technology solutions."
Zhao Weiguo, Chairman and President of Tsinghua Unigroup, added, "It has become a national priority of China to grow its semiconductor industry. The strategic collaboration between Tsinghua Unigroup and Intel ranges from design and development to marketing and equity investments, which demonstrate Intel's confidence in the Chinese market and strong commitment to Chinese semiconductor industry, which will accelerate the technology development and further strengthen the competitiveness and market position of Chinese semiconductor companies."
Under the terms of the agreement, Spreadtrum Communications will jointly create and sell a family of Intel architecture-based system-on-chips (SoCs). Initial products will be available beginning in the second half of next year and will be Intel architecture-based SoCs sold by both companies.
"The adoption of Intel's architecture technology will enable us to accelerate the development of mobile SoCs that expand the breadth of our portfolio, benefiting handset makers addressing both China and the global market," said Dr Leo Li, Chairman and CEO of Spreadtrum. "We are pleased to embark on collaboration with Intel around these new product offerings."
The companies expect Intel's investment to close in early 2015.
Over the last 29 years, Intel has invested close to US$5 billion in its operations across China and has grown to more than 7,500 employees whose responsibilities span R&D, sales and marketing, manufacturing, operations, and venture capital investments. Since 1998, Intel Capital has invested over US$700 million in more than 120 Chinese technology companies.
Tsinghua Unigroup is a subsidiary of Tsinghua Holdings Co., a state-owned company affiliated to Tsinghua University. Tsinghua Unigroup focuses on the integrated circuit (IC) segment to develop an industry chain spanning IC design, IC industrial park development, School of Communications and Microelectronics, as well as the IC industry fund operation.
Both Spreadtrum and RDA, controlled by Tsinghua Unigroup, are fabless semiconductor companies in China. The companies develop mobile chipset platforms for smartphones, feature phones and other consumer electronics products, supporting 2G, 3G and 4G wireless communications standards.
"China is now the largest consumption market for smartphones and has the largest number of Internet users in the world," said Brian Krzanich, Intel CEO. "These agreements with Tsinghua Unigroup underscore Intel's 29-year-long history of investing in and working in China. This partnership will also enhance our ability to support a wider range of mobile customers in China and the rest of the world by more quickly delivering a broader portfolio of Intel architecture and communications technology solutions."
Zhao Weiguo, Chairman and President of Tsinghua Unigroup, added, "It has become a national priority of China to grow its semiconductor industry. The strategic collaboration between Tsinghua Unigroup and Intel ranges from design and development to marketing and equity investments, which demonstrate Intel's confidence in the Chinese market and strong commitment to Chinese semiconductor industry, which will accelerate the technology development and further strengthen the competitiveness and market position of Chinese semiconductor companies."
Under the terms of the agreement, Spreadtrum Communications will jointly create and sell a family of Intel architecture-based system-on-chips (SoCs). Initial products will be available beginning in the second half of next year and will be Intel architecture-based SoCs sold by both companies.
"The adoption of Intel's architecture technology will enable us to accelerate the development of mobile SoCs that expand the breadth of our portfolio, benefiting handset makers addressing both China and the global market," said Dr Leo Li, Chairman and CEO of Spreadtrum. "We are pleased to embark on collaboration with Intel around these new product offerings."
The companies expect Intel's investment to close in early 2015.
Over the last 29 years, Intel has invested close to US$5 billion in its operations across China and has grown to more than 7,500 employees whose responsibilities span R&D, sales and marketing, manufacturing, operations, and venture capital investments. Since 1998, Intel Capital has invested over US$700 million in more than 120 Chinese technology companies.
Tsinghua Unigroup is a subsidiary of Tsinghua Holdings Co., a state-owned company affiliated to Tsinghua University. Tsinghua Unigroup focuses on the integrated circuit (IC) segment to develop an industry chain spanning IC design, IC industrial park development, School of Communications and Microelectronics, as well as the IC industry fund operation.
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