LONDON Chinese computer maker Inspur Group (Hong Kong, China), has completed its acquisition of the Chinese research center belonging to Qimonda AG, with a handover ceremony in Xian.
The center has been renamed the Xian Huaxin Semiconductor Company Ltd. Inspur Group acquired the center for a consideration of 30 million Chinese yuan (about $4 million) and provides the company with a team of IC designers.
"It is the only research center in the PRC with advanced technology up to the global standard for the development of DRAM products," said Sun Pishu, president of Inspur Group, in a statement.
"We plan to further invest 100 million Chinese Yuan in the infrastructure of the Inspur Group Integrated Circuit Design and Research Centre, enhancing the integrated circuit design capacity," he added.
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