Global Politics, US, VR World

Intel Makes Another Major Investment in Chinense SoC Makers

In order to catch up in a mobile SoC market dominated by Qualcomm (NASDAQ: QCOM) and MediaTek (TPE: 2454), Intel (NASDAQ: INTC) announced Friday that it is making a strategic investment in two Chinese SoC makers via Tsinghua Unigroup, a government-affiliated private equity firm. “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, in a statement. “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