Manufacturing News

Motorola announces three new China investments

By the end of 2005, Motorola's total investment in China reached US$3.6 billion.

Motorola today announced in China three new investments. Through Motorola Ventures, the venture capital arm of Motorola, the global telecom giant has invested in Shanghai NewMargin Venture Capital Enterprise (Shanghai NewMargin), Shenzhen Shenxun Information Technology Development (SXIT) and Legend Silicon, the parent company of Legend Silicon Beijing (Legend Silicon).

Motorola has become one of the largest investors of Shanghai NewMargin Venture Capital Enterprise, originally established with a US$35-million private equity fund. The VC company will continue to focus on high-tech companies, high-growth or high-potential companies in China.

Motorola has also formed strategic cooperation with SXIT while making a significant investment in its parent company -- China Internet Technology and Service. Besides, Motorola will cooperate with SXIT on both platform and applications such as LBS and enterprise solutions.

Through this cooperation, Motorola expects to increase its ability to provide customers with unique and customized services, including enterprise solutions, A-GPS, LBS, MMS, 3G applications, content, and client applications.

The alliance between Motorola and Legend Silicon focuses on the design, development and manufacturing of demodulator chips for the emerging mobile TV businesses. With mobile TV being seen as the 'Next Big Thing' in the 3G era, this investment is expected to help Motorola gain a strong foothold in the mobile TV industry in China, which is widely expected to be one of the leading players in the 3G market.

Motorola is the largest foreign investor in China's electronics industry with more than 9,000 employees in China. By the end of 2005, Motorola's total investment in China reached US$3.6 billion. Motorola's commitment to China continues to increase, showcased in part, by its venture investment program.

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