The software giant will invest $1.5 billion in Tsinghua Unigroup in an effort to break into the smartphone market.
The software giant will invest $1.5 billion in Tsinghua Unigroup in an effort to break into the smartphone market.
The deal buys Intel a 20 percent stake in Tsinghua Unigroup, which develops wireless chipsets for smartphones through a pair of subsidiaries. The companies will collaborate to make mobile chips based on Intel’s architecture.
Though Intel controls more than 80 percent of the market for PCs and laptops, and upwards of 90 percent of the market for the high-end servers that run data centers, the company was late to mobile technology and was essentially shut out of the market until recently.
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