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Intel ready to pay $1.5 billion for 20% stake in Chinese chipmakers
Intel ready to pay $1.5 billion for 20% stake in Chinese chipmakers
BEIJING/SAN FRANCISCO: Intel said it will pay as much as $1.5 billion for a 20% stake in two mobile chipmakers with ties to the Chinese government, in the hopes of catching up in a smartphone chip industry dominated by rival Qualcomm.