Utah People's Post

The Latest News from the Beehive State

Saturday, January 16, 2021
Log in
  • National News
    • Female Caseworker Killed & Doctor Shot in Philadelphia
  • State News
    • Car Chase Leads to Drug Arrest
  • Tech & Science
  • Health
    • How to Prepare For Ticks Season
    • Magical Weight Loss Bean Scam
  • Sports
  • Business
You are here: Home / Business / Intel Buys Stake in Chinese Mobile Chip Makers

Intel Buys Stake in Chinese Mobile Chip Makers

Posted by

Intel Buys Stake

Intel announced an investment of 1,5 billion in two Chinese mobile chipmakers. The US company plans to use the investment as an instrument to catch up with Qualcomm.

The smartphone revolution changed the power balance in the tech world. During the age of the PC, US companies were industry leaders. Along with the miniaturization of computing devices, the center moved to South Asia, especially in the blossoming Chinese domestic tech industry. The area has long been involved in tech production, but until recently, it was placed at the lower echelons of production. Now domestic Chinese tech companies increasingly turn into leaders of the smartphone and mobile computing chip industry.

In the meantime, the US tech giant Intel loses terrain in the microchip sector. Its story is similar to that of Microsoft and it is no coincidence, as their past ties them together. Similarly to the software giant Microsoft, Intel has not yet managed to adapt to an industry moving from PC to smartphone.

Consequently, the company decided to invest in Chinese companies as a way of catching up with rivals such as Qualcomm. Intel will buy a 20 percent stake in Spreadtrum Communications and RDA Microelectronics. The acquisition involves the Chinese government directly. Tsinghua Unigroup, a private equity firm and owner of the two companies, is affiliated to the government.

The deal needs the approval of state regulators. However, that will not be an issue, as China is directly interested in benefiting from Intel’s rich experience in chip design and production. Moreover, the development of a wide domestic chip industry is at the core of government policy.

“It has become a national priority of China to grow its semiconductor industry,” said Tsinghua Unigroup Chairman Zhao Weiguo in a statement released by Intel on Friday. “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.”

Intel, on the other hand, plans to gain full access to the smartphone and tablets market. Since Brian Krzanich took the helm in 2013, Intel took aggressive measures to reach its objective.

The company will focus on the development of cheap reliable devices, as the smartphone market reaches saturation in the US and Europe. By agreeing with companies such as Rockchip to use Intel chips in their products, Intel aims to put its established brand at work in the emerging Asian and African smartphone and tablet markets.

Share this:

  • Tweet
  • Share on Tumblr
  • Email

Filed Under: Business Tagged With: Chinese chipmakers, intel, qualcomm

Woman working out at the gym

Just 23% of Americans Are Working Out Enough in Their Spare Time

By

Poliovirus Therapy Gives Brain Cancer Patients New Hope (Study)

By

United Airlines airplane

Passenger Mysteriously Dies on United Airlines flight Bound for Boston

By

Breakfast sandwich

Here Are Some Foods No Nutritionist Would Ever Eat

By

Poppy flower

UN Warns of Surge in Opium-based Drugs and Cocaine Supply

By

U.S.-Canada border

French Jogger Detained 2 Weeks for Accidentally Crossing Border

By

Plus size model

Normalizing Plus Size Could Fuel Obesity Crisis (Study)

By

Giant manta ray

Unique Manta Ray Nursery Spotted off Texas Coast

By

The rainbow flag

WHO Scraps Transgenderism from List of Mental Illnesses

By

456 People Dead at U.K. Hospital after Taking too Many Painkillers

By

Kenyan girls dancing

Kenyans Facing Poor Nutrition as Supermarket Shopping Is on the Rise

By

Pages

  • About
  • Contact
  • Privacy Policy GDPR
  • Staff
  • Terms and Conditions

Recent Posts

  • Just 23% of Americans Are Working Out Enough in Their Spare Time
  • Poliovirus Therapy Gives Brain Cancer Patients New Hope (Study)
  • Passenger Mysteriously Dies on United Airlines flight Bound for Boston
  • Here Are Some Foods No Nutritionist Would Ever Eat
  • UN Warns of Surge in Opium-based Drugs and Cocaine Supply
  • French Jogger Detained 2 Weeks for Accidentally Crossing Border
  • Normalizing Plus Size Could Fuel Obesity Crisis (Study)

Related Articles

  • Passenger Mysteriously Dies on United Airlines flight Bound for Boston

  • Fishing boat in the Atlantic Ocean

    U.S. Seafood Dealer Lied About Fish Being Caught in U.S.

  • Tesla car on the road

    Tesla’s Autopilot Software To ‘Nag’ Drivers to Keep Hands on Wheel

  • Mexico Slaps Tariffs on U.S. Steel, Pork, and Bourbon

  • Dairy cows on a pasture

    Kentucky Milk Plant Closes after Losing Contract with Walmart

  • Tesla founder Elon Musk

    Elon Musk Upset About Latest Tesla Crash Being ‘Front Page News’

  • Orange juice bottles on Whole Foods shelves

    Amazon to Roll Out New Prime Perks for Whole Foods Shoppers

  • U.S. Liquor Store

    Alcohol Sales on Sunday No Longer Banned in Indiana

  • Bitcoin coins on 100-dollar bills

    Iran Unveils Its First National Cryptocurrency

  • Transavia Airlines plane taking off

    Man on Plane who Wouldn’t Stop Farting Causes Emergency Landing

Categories

  • Business
  • Entertainment
  • Health
  • National News
  • Nature
  • Provo
  • Salt Lake News
  • Science
  • Sports
  • State News
  • Tech & Science
  • Technology
  • Uncategorized
  • West Jordan
  • West Valley City
  • World

Copyright © 2021 utahpeoplespost.com

About · Privacy Policy · Terms of Use · Site Map · Contact

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.
This website uses cookies to ensure you get the best experience on our website. Learn more.