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Xiaomi buys stake in chip designer VeriSilicon

Tuesday 16 July 2019 | 15:14 CET | News
Xiaomi has taken a stake of roughly 6 percent in Chinese chip designer VeriSilicon, in a move thought to beef up the smartphone maker's own chip development capabilities, Reuters reports. In a filing to the China Securities Regulatory Commission, VeriSilicon revealed a fund run by Xiaomi became its second-largest external shareholder in June.

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Categories: Mobile & Wireless
Companies: Xiaomi
Countries: China / World
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