Qualcomm sets up joint venture in China for server chips

Qualcomm is setting up a server chipset design and sales unit with a provincial government in China, a move that could help boost the company's bid to diversify from mobile chips into the server chips market.
The chip maker will own 45 percent in the joint venture, Guizhou Huaxintong Semi-Conductor Technology, that will be 55 percent owned by the Guizhou provincial government's investment arm. The initial registered capital of the joint venture will be about US$280 million.
Qualcomm revealed pl