Rumor: Spreadtrum Chairman Leaves to Start New Company

China Business News, 6/10/10

A source close to Wu Ping, founder and chairman of Chinese wireless baseband chipset provider Spreadtrum (Nasdaq: SPRD), revealed yesterday that Wu left Spreadtrum earlier this month, and is currently preparing to start a new company. Wu has already registered "Shanghai Xinyi Information Technology" as a company in Shanghai's Zhangjiang Hi-Tech Park; the new company will position itself as a mobile internet application developer and terminal equipment designer. The new company is reportedly recruiting employees in Shanghai, Xi'an, and other areas, and will initially employ approximately 150 people.

Editor's Note: For more background on this topic, please see "Spreadtrum Appoints New CEO" MD 2/13/10 issue.

Keywords: Wu Ping Spreadtrum wireless Zhangjiang Hi-Tech Park SPRD HR

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