[Global Technology Report] May 26 news, Beijing Jianguang Asset Management Co., Ltd. (hereinafter referred to as: Jianguang Assets), Lianxin Technology Co., Ltd. (a subsidiary of Datang Telecom Technology Co., Ltd., hereinafter referred to as Lianxin Technology ), Qualcomm (China) Holdings Co., Ltd. (a subsidiary of Qualcomm Technology Inc., hereinafter referred to as: Qualcomm, USA), and Beijing Zhilu Asset Management Co., Ltd. (hereinafter referred to as: Zhilu Capital) jointly signed an agreement to establish a joint venture company. Sheng Technology (Guizhou) Co., Ltd. (JLQ Technology). The joint venture will focus on the design, packaging, testing, customer support, and sales of mass-market-oriented smart phone chipsets designed and sold in China.
Representatives of the partners attending the signing ceremony included: Li Bin, Chairman of Jianguang Asset Investment Appraisal Committee; Sun Wei, General Manager; Jia Xin, Deputy General Manager; Chen Shanzhi, Vice President of Datang Telecom Technology Industry Group; and Li Yonghua, President of Datang Telecom Technology Co., Ltd. Jiang Kun, Vice President and Secretary of the Board of Directors; Christine Ann Amon, Executive Vice President and President of QCT, Qualcomm Technologies Inc.; Meng Pu, Chairman of Qualcomm China; Savi Soin, Vice President of Qualcomm Technologies Inc., USA, and several other senior executives; Zhang Yuanjie, managing partner of Intl Capital. The signing ceremony was hosted by Vice President of Datang Telecom and Qian Guoliang, General Manager of Lianxin Technology.
The joint venture company will combine Qualcomm’s advanced technology, scale and product portfolio with R&D's unique R&D capabilities and deep resources in China’s industry, build a strong relationship between Guang Guang’s assets in the Chinese financial industry, and the global financial The industrial ecological chain resources are combined.
"The joint venture company organically combines financial and industrial resources from Qualcomm, Jianguang, Datang and Zhizhi Roads in the United States. The synergy between partners will help promote local technological innovation," said Li Bin, chairman of the Jianguang Asset Investment Appraisal Committee. This cooperation is also an important part of Jianguang's global eco-environment of the semiconductor industry. With the financial industry background of Jianguang Assets and years of experience in semiconductor and communications, we will help the joint venture to achieve long-term success."
"With the increase in the proportion of mobile phone chip consumption in China and the constantly improving smart phone ecosystem, the joint venture company will occupy a favorable market position to meet the growing demand of Chinese consumers." Sun Wei, General Manager of Jianguang Assets, said, "We It is believed that the establishment of a joint venture semiconductor design company by a few parties will benefit the consumers and promote the rapid growth of China's integrated circuit design industry." Jia Xin, deputy general manager of Jianguang Assets, said: "The success of the joint venture company will depend on all parties involved. With the close cooperation, Jianguang Assets will continue to work with our partners and move toward our common goals.â€
"For a long time, Datang Telecom Group has always attached great importance to the industrial layout in the field of mobile communications. The establishment of this joint venture will have an important landmark significance. Lianxin Technology is the leading integrated circuit design company of Datang Telecom Industry Group. One of them has always been an industry leader in the field of chip design, especially wireless communications, said Chen Shanzhi, vice president of Datang Telecom Technology Industry Group. “We hope this joint venture will integrate Datang, Qualcomm and Jianguang assets and wisdom. Road Capital's quadrilateral advantage resources, through the two-wheel drive method of advanced technology and capital operation, strengthen the overall competitiveness in the field of mobile communications."
"As a key high-tech enterprise in the state-owned information and communication industry, Datang Telecom has further focused on the core areas of the ICT industry's upstream. While the company is undergoing endogenous development, Datang Telecom is also actively seeking cooperation and win-win cooperation with industry leaders." President, Datang Telecom Li Yonghua stated that “Datang Telecom’s internal and international capitals have achieved deep cooperation in technology, talents, and markets with the world's leading companies, learning from each other, learning from each other's mutual benefits, and promoting the development of integrated circuits.â€
According to Qian Guoliang, Vice President of Datang Telecom and General Manager of Lianxin Technology, “Lianxin Technology has been committed to providing leading mobile terminal chips and solutions since its establishment. Through the integration of international and local IC talents, we look forward to the joint venture. The company can quickly advance the target market and conduct extensive customer development."
Christian Amon, executive vice president and QCT president of Qualcomm Technologies, said: “This joint venture further demonstrates our long-term commitment to the Chinese mobile communications industry. This project will help us expand new market segments and customers. Become a supplement to our dynamic and fast-growing semiconductor business in China."
Meng Pu, chairman of Qualcomm China, said: "For more than 30 years, Qualcomm has been a leading technology innovator in the mobile space. We expect this joint venture will develop chipsets that meet China's 4G smartphone ecosystem needs."
“Intellectual Capital is committed to providing financial and industrial resources for the joint venture company to help its growth.†Zhang Yuanjie, managing partner of Chi Lun Capital stated, “We are looking forward to this cooperation as the cornerstone of long-term cooperation between our Chinese and US partners. Road Capital has set up a fund to focus on upstream and downstream investments in mobile technology to promote the growth of Zhilu Investment's companies and strengthen our strategic cooperation with our partners."
Jisheng Technology (Guizhou) Co., Ltd. (JLQ Technology) will be registered in Gui'an New District, Guizhou. The relevant cooperation matters must be approved by relevant departments. It is expected that the joint venture will be completed later this year.
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