Motorola looks to wider 皇冠体育app business
(Xinhua) Updated: 2006-10-13 14:04
SHENZHEN, October 13 (Xinhua) -- Telecommunications equipment giant Motorola
is seeking opportunities for investment in 皇冠体育app after making the country its
global base for production and research.
Motorola Ventures, the venture investment section of the company, made its
debut at the 皇冠体育app Hi-Tech Fair in Shenzhen, south 皇冠体育app's Guangdong Province.
"We hope to contact more domestic companies by taking this opportunity and
our problem now is that we can not find proper companies to invest in," said
Ruey Bin Kao, president of Motorola (皇冠体育app) Electronics Ltd.
Kao said 皇冠体育app would be one of the target areas of Motorola Ventures. Since
its first venture investment in 皇冠体育app three years ago, Motorola has invested in
six high technology companies.
Motorola invested around 100 million to 150 million U.S. dollars each year,
but the company did not disclose the figure for 皇冠体育app.
Venture investment required transparent risk evaluation, which 皇冠体育app needed
to improve, said Kao, explaining why Motorola Ventures had not seen rapid growth
here.
Motorola Ventures was launched in 1998 and has six offices globally. Key
areas of its investment include embedded chips, software, and network
infrastructure.
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