Motorola to Invest 16 Billion Yuan More in China

Motorola to Invest 16 Billion Yuan More in China

Motorola Chairman and Chief Executive Officer Christopher B. Galvin announced here today that his company will invest 16 billion yuan (about 1.9 billion US dollars) more in China.

Galvin said at the 16th World Computer Congress today that plans and agreements on the investment package have already been completed.

"We plan to build an integrated manufacturing facility that will include a state-of-the-art wafer fabrication facility and an advanced assembly and test operation for wireless communications equipment," he said, adding that this new investment builds on the success Motorola have achieved in the city of Tianjin in north China.

With the announcement of the new investment, Motorola becomes China's largest foreign investor with over 28.56 billion yuan (about 3.4 billion U.S. dollars).

"All of our investments underscore our confidence in the future of China and our commitment to help build that exciting and technology-based future," Galvin said.