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Communications chipmaker RDA Microleectronics (RDA) has acquired the baseband chip IP of Chinese...

Communications chipmaker RDA Microleectronics (RDA) has acquired the baseband chip IP of Chinese peer Coolsand Holding for $46M ($20M cash + $26M stock). The acquisition, which complements RDA's mobile phone RF chip business, could lead to additional competition for Spreadtrum (SPRD) and MediaTek, who have heavy exposure to the low-end/2G Chinese phone market.
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