Lenovo's parent invests $237 million in Chinese chipmaker Fullhan
By Reuters Staff 1 Min Read (Reuters) - Legend Holdings, the parent of the world’s biggest PC maker Lenovo, said it would buy a 15.9% stake in chipmaker Fullhan Microelectronics for 1.54 billion yuan ($236.9 million) in a push to diversify its portfolio. Legend’s unit Dongfangqihui bought 12.8 million shares between Sept. 1 and March 17 from privately held Quick Talent Holdings, the company said on Wednesday, with the last round of transaction for a 5.2% stake yet to settle. Most well-known for its ownership of Lenovo, Legend, for years has sought to diversify its portfolio beyond the com...
Source: reuters.com