Spreadtrum commits $10m to India’s PE-backed Micromax
Chinese semiconductor manufacturer Spreadtrum Communications has invested $10 million in PE-backed Micromax Informatics, one of India’s largest mobile phone brands. As part of the deal, the companies have established a partnership that will see Spreadtrum become one of Micromax’s preferred mobile chipset suppliers.
Micromax claims to be the third largest handset manufacturer in India and the 12th largest globally. It ships 4 million handsets quarterly to the likes of Hong Kong, Bangladesh, Nepal and Sri Lanka as...
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