Items tagged with Tsinghua Unigroup

Tsinghua Unigroup Ltd., a Chinese state-owned semiconductor design firm, is reportedly making a play to acquire Micron Technology Inc. for $23 billion. Should the transaction ultimately happen, there would be no more U.S. memory makers left standing. However, there are several hurdles that stand in the way of the transaction, including the purchase price. Citing people familiar with the matter, The Wall Street Journal says Tsinghua Unigroup is trying to acquire Micron for $21 per share. That represents a more than 19 percent premium over Micron's stock price at the time the story broke, and though that seems attractive at a glance, it's also around 21 percent below Micron's 100-day moving average... Read more...
Intel is looking to be a major player in the mobile market. How else could you explain its acquisition of 1,400 Powerwave patents earlier this month? But the company is not done. Yesterday, Intel announced that it is investing $1.5 billion into Chinese mobile chip suppliers. Intel and Tsinghua Unigroup LTd have signed a series of agreements allowing Intel to invest up to $1.5 billion for a 20 percent stake of the holding company that owns Spreadtrum Communications and RDA Microelectonics. The deal revolves around the expansion of product offerings and adoption of Intel-based mobile devices in China and even worldwide. Spreadtrum, in particular, will create and sell a series of System-on-Chips... Read more...