Briefs: Motorola steps up China investments
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.
Copyright 2006 by United Press International