BAIC Capital, UK chip developer Imagination set up semiconductor JV

BAIC Capital, UK chip developer Imagination set up semiconductor JV

Photo: Reuters

BAIC Capital, a Beijing-based investment unit of Chinese state-owned automaker BAIC Group, and British chip developer Imagination Technologies are setting up a joint venture (JV) for the development of automotive fabless semiconductor.

Both parties entered into an agreement on May 7.

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