Spreadtrum meets milestone for China Mobile TD-SCDMA grant


Spreadtrum Communications, a fabless semiconductor
provider in China with technology in 2G and 3G wireless, announced that in Q3
2011 it has met the last milestone of a TD-SCDMA research and development grant
awarded by China Mobile to the company in 2009.  


This marks completion of the project and will enable the company
to recognize more than $8 million in research and development grants as an
offset to operating expenses in the third quarter of 2011, including subsidies
recognized from both the China Mobile and other government projects.


“Our 40nm-based single-chips with
TD-SCDMA/EDGE/GPRS/GSM, multi-media and power management features have enabled
customers building handsets on our platform to achieve breakthrough standby and
talk times, at a retail price point that is attractive to 3G handset buyers.
We further expect to expand our footprint in the smartphone segment
following the launch of our low-cost single-chip smartphone product,” said
Leo Li, president and CEO, Spreadtrum.


Spreadtrum Communications recently announced that it
a definitive agreement to purchase Telegent Systems, a provider of
semiconductor and software solutions for the reception of live, broadcast
television on mobile phones.


Spreadtrum does not expect significant impact to either
its cash position or operating expenses as a result of the transaction.  


By Telecomlead.com Team
[email protected]