Spreadtrum (SPRD +6.6%) shoots higher after the wireless chipmaker announces it's reached the...

|By:, SA News Editor

Spreadtrum (SPRD +6.6%) shoots higher after the wireless chipmaker announces it's reached the last milestone needed to recognize an $8M R&D grant from CHL. Spreadtrum's CEO uses the announcement to note his company's corporate structure is different from the one sparking regulatory fears for other Chinese ADRs. (previously)