Motorola to Establish $500M China Research Unit
May 20, 2003 by Jeff Shepard
Motorola Inc. (Austin, TX) announced the signing of a memorandum of understanding with the Chinese government to invest $90 million in establishing a research company in Beijing. Motorola expects the research company to spend $500 million over the next five years on human resources and equipment. No other details were given.
"China is an important market for Motorola worldwide as well as a manufacturing base and research center for the company," said Mike Zafirovski, president and COO.