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Cosun purchases Freescale's cell phone chip business

Published: 08 Apr 2009 23:36:47 PST

Apr. 9, 2009 (China Knowledge) - Cosun has acquired the cell phone chip business of Freescale Semiconductor Holdings I, Ltd to obtain 3G and 4G technology patents, sources reported, citing an insider close to the situation.

Qiao Xing Mobile Communication Co Ltd<QXM>, a subsidiary of Cosun, has reached an agreement with Techfaith, which will provide WCDMA and EVDO solutions for 3G phones.

In September 2008, Rich Beyer, CEO of Freescale, announced that the company planned to sell its cell phone chip business.

According to the source, Wu Zhiyang, the chairman of Cosun, went to the U.S. to discuss the acquisition with Freescale, but the chairman's office did not give any detail regarding the visit.

Cosun currently has four research centers in Beijing, Shanghai, Huizhou and Shenzhen. The Beijing center mainly focuses on mobile phone R&D.

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