Intel Invests $1.5 Billion to Tap Mobile Phone Chip Market in China

Intel is covering its corporate assets on the fluctuating PC market and investing $1.5 Billion dollars into Tsinghua Unigroup, makers of semiconductors for the mobile phone industry. Intel has been looking to diversify its holdings into different areas outside of the computer industry for the past several years.

Strategically, this is a long-term arrangement to develop a range of SOCs for the mobile market, including smartphones and tablets, said Americo Lemos, vice president for Intel’s platform engineering group.

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Intel and AMD are doing similar things with trying to simply diversify. Good on them.