BIZCHINA / VC Industry in China
Motorola steps up China investments
(UPI)
Updated: 2006-03-16 15:09
Motorola will be investing in three new projects in China.
The venture-capital arm of the mobile group, Motorola Ventures, will be
investing in Shanghai NewMargin Venture Capital Enterprise, Shenzhen
Shenxun Information Technology Development and Legend Silicon.
"China is of continuing strategic importance to Motorola. Besides shoring
up strength in mobile devices and network infrastructure, Motorola is
branching out to new businesses that can help provide seamless mobility
solutions to our customers in China," Warren Holtsberg, corporate vice
president of equity investing, said in a news release.
Motorola is the largest foreign investor in China's electronics industry
with more than 9,000 employees in China. By the end of 2005 total
investments in the country exceeded $3.6 billion.
(For more biz stories, please visit Industry Updates)
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