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Agilent forms electronics test equipment venture

Posted: 31 Jan 2005 ?? ?Print Version ?Bookmark and Share

Keywords:test? equipment? agilent-qianfeng electronics technologies? chengdu qianfeng electronics?

Agilent Technologies Inc. has formed a joint venture between its test and measurement organization and Chengdu Qianfeng Electronics Ltd Corp. Agilent will work directly with Qianfeng's instrument operation to make test equipment for the Chinese market. The joint venture, Agilent-Qianfeng Electronics Technologies (Chengdu) Co. Ltd will be located in Chengdu, in China's Sichuan province.

China represents a significant growth opportunity in general for Agilent, and specifically for the company's test and measurement business. China's $200 billion electronics industry is growing at about 20 percent a year, and it is projected that by 2006, 250 million mobile phone handsets will be manufactured in that country annually.

The joint venture will be part of Agilent's Electronic Products and Solutions Group (EPSG). The joint venture with Qianfeng is among the first investments made under the new holding company, China Holding Co. in Shanghai announced in Jan 25, which will focus on building electronic test equipment for the communications market in China and worldwide markets. Agilent currently has about 1,100 employees in China.





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