Chinese GPs set up semiconductor JV with Qualcomm
The two Chinese private equity firms that bought NXP Semiconductors’ standard products business in February have teamed up with Qualcomm – which subsequently bid for NXP outright – to manufacture chipsets for mass-market smart phones sold in China.
In addition to the two GPs, Jianguang Asset Management (JAC Capital) and Wise Road Capital, a subsidiary of Datang Telecom Technology is participating in the joint venture, which will be known as JLQ Technology....
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