BRIEF-Tianma Microelectronics' Q1 net profit up, to acquire stake in U.S. firm

April 24 (Reuters) - Tianma Microelectronics Co Ltd

* Says Q1 net profit up 147.7 percent y/y at 225.1 million

yuan ($32.70 million)

* Says board approves to acquire 78.1 percent stake in

Tianma NLT in the U.S. For $5.3 million

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($1 = 6.8847 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)