Qualcomm and Intel completed an $142m investment in Huaqin Communication.

Qualcomm Ventures, the investment platform of Qualcomm, and Intel Capital, the investment platform of Intel led an investment round of $142m in Huaqin Communication Technology, an intelligent communication terminal development company. The investment is backed by a group of Chinese investment companies including private equity firms SinoKing Capital, Wise Road Capital, and SummitView Capital.