Jingxin and Freescale

A report on Netease claims that Jingxin, a fabless design subsidiary of Techfaith, has bought Freescale's mobile chip unit (link). If true, this represents a major coup for Techfaith and Jingxin. The acquisition will bolster the value of the design services Techfaith can offer and Jingxin through its ties to Techfaith will present a strong challenge to likes of Spreadtrum.