Technology news made as Intel invests $1.5 billion in China
|The chipmaker is stepping into a mobile venture for which it will hold a 20 percent stake.
In recent technology news, Intel is going to pay as much as $1.5 billion in order to grab hold of a 20 percent stake in a venture in china that will have the company designing and manufacturing chips under the company’s brand for mobile phones as well as other types of electronic devices.
This is the latest step in Intel’s attempt to move away from the shrinking growth of the laptop and desktop market.
At the moment, Tsinghua Unigroup Ltd, a state owned organization that receives its funding from Beijing’s Tsinghua University, is the controller of the chipmakers in China, RDA Microelectronics, and Speadtrum Communications. Intel is seeking to make technology news by becoming a more important and stronger competitor in the mobile chip business, in which it has struggled to be able to achieve any level of dominance as is the case in laptops and desktop computers.
Intel’s technology news shows its drive to grasp onto a larger portion of the rapidly growing mobile market in China.
Recently, the technology news was announced that Intel and Spreadtrum would be working together to create a new family of smartphone chips. Those chips are expected to become available within the second half of 2015. The deal, itself, is expected to close at some point within the first quarter of next year. It represents the second corporate partnership entered into by Intel that is focused on mobile chips, this year.