{"id":32134,"date":"2014-09-26T04:48:33","date_gmt":"2014-09-26T08:48:33","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=32134"},"modified":"2014-09-26T04:48:33","modified_gmt":"2014-09-26T08:48:33","slug":"intel-corporation-nasdaqintc-to-take-on-tablet-smartphone-market-by-1-5-bln-investment-in-two-chinese-mobile-chipmakers","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/intel-corporation-nasdaqintc-to-take-on-tablet-smartphone-market-by-1-5-bln-investment-in-two-chinese-mobile-chipmakers-32134","title":{"rendered":"Intel Corporation (NASDAQ:INTC) To Take On Tablet &#038; Smartphone Market By $1.5 Bln Investment In Two Chinese Mobile Chipmakers"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 09\/26\/2014 (wallstreetpr) \u2013 <strong>Intel Corporation (NASDAQ:INTC)<\/strong> has decided to take its chip business to another level. Recently, it announced that the company intends to pay $1.5 billion amount for 20% stake in two Chinese mobile <a href=\"http:\/\/finance.yahoo.com\/news\/intel-investing-china-mobile-chipmakers-022347071.html\" target=\"_blank\"><strong>chip-making companies<\/strong><\/a>. With this action, Intel hopes to take on its competitor in the market, <strong>QUALCOMM, Inc. (NASDAQ:QCOM)<\/strong>.<\/p>\n<p style=\"text-align: justify;\"><strong>Intel\u2019s Stake in Chinese Chip Companies <\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Rda Microelectronics Inc (ADR) (NASDAQ:RDA)<\/strong> as well as <strong>Spreadtrum Communications, Inc (ADR) (NASDAQ:SPRD)<\/strong> are the two companies in which\u00a0Intel Corporation (NASDAQ:INTC) intends to acquire stake by way of its deal with Tsinghua Unigroup. The latter most is a private equity Chinese firm and is affiliated to the Government. Tsinghua Unigroup is also the owner of the aforesaid chipmakers.<\/p>\n<p style=\"text-align: justify;\"><strong>Attempt to Create a Strong Base for Tablet and Smartphone Market<\/strong><\/p>\n<p style=\"text-align: justify;\">Intel Corporation (NASDAQ:INTC)\u00a0has so far been known for personal computers\u2019 chips. However, it has not managed to gain attention in the tablet or smartphone business. Therefore, the deal with Tsinghua Unigroup is seen as something that will help it in establishing its foothold in mobile chip market of one of the largest economies of the world. The Chinese market is a nexus for the smartphone industry on a global level.<\/p>\n<p style=\"text-align: justify;\"><strong>Benefit to Two Chinese Mobile Chipmakers<\/strong><\/p>\n<p style=\"text-align: justify;\">Also, the association withIntel Corporation (NASDAQ:INTC) will help the two companies in China to get development and design assistance for chip-making, from Intel. This will be considered as one of the most imperative steps or the Government in China, which will see it as a deal of strategic importance.<\/p>\n<p style=\"text-align: justify;\">In this regard, <em>Zhao Weiguo<\/em>, the Chairman of Tsinghua Unigroup, said that growth of the semiconductor industry is a national priority for the country. Zhao Weiguo added that the deal will be a strategic collaboration and will include not just the development and design, but also equity investments and marketing.<\/p>\n<p style=\"text-align: justify;\">Although the media in China was speculating the deal from past few weeks, the confirmation about the same was given today by Reuters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 09\/26\/2014 (wallstreetpr) \u2013 Intel Corporation (NASDAQ:INTC) has decided to take its chip business to another level. Recently, it announced that the company intends [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":15828,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236,263],"tags":[9723,1900,597,674,9722,2631,1767,9721,566,9720],"stock_ticker":[],"class_list":["post-32134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-technology","tag-inc-adr-nasdaqsprd","tag-intel-corporation-nasdaqintc","tag-nasdaqintc","tag-nasdaqqcom","tag-nasdaqrda","tag-nasdaqsprd","tag-qualcomm-inc-nasdaqqcom","tag-rda-microelectronics-inc-adr-nasdaqrda","tag-spreadtrum-communications","tag-zhao-weiguo","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Intel Corporation (NASDAQ:INTC) To Take On Tablet &amp; Smartphone Market By $1.5 Bln Investment In Two Chinese Mobile Chipmakers - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/intel-corporation-nasdaqintc-to-take-on-tablet-smartphone-market-by-1-5-bln-investment-in-two-chinese-mobile-chipmakers-32134\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Intel Corporation (NASDAQ:INTC) To Take On Tablet &amp; Smartphone Market By $1.5 Bln Investment In Two Chinese Mobile Chipmakers - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 09\/26\/2014 (wallstreetpr) \u2013 Intel Corporation (NASDAQ:INTC) has decided to take its chip business to another level. 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