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Qualcomm invests in Shanghai-based IC equipment developer

Posted: 12 Mar 2007 ?? ?Print Version ?Bookmark and Share

Keywords:CDMA? MediaFLO? multimedia services? mobile devices? Qualcomm?

Advanced Micro-Fabrication Equipment Inc. (AMEC), a Shanghai-based developer of proprietary semiconductor processing technology equipment, announced that it has raised $8 million from Qualcomm Inc. and other investors in its latest round of financing.

"By investing in AMEC, Qualcomm will help to encourage innovation in the advanced semiconductor industry, helping bring more integrated and cost-effective chipsets to global manufacturers," said Behrooz Abdi, senior vice president and general manager of Qualcomm CDMA technologies.

"The cutting-edge integrated circuits that power some of today's most advanced devices are the same ones that AMEC's technologies and products will help produce," said Gerald Yin, AMEC's chairman and CEO.

This investment is part of Qualcomm's commitment made in June of 2003 to invest up to $100 million in early- to mid-stage Chinese companies engaged in the development and commercialization of CDMA-based products, applications and services, and other innovative technologies that support the broader wireless communications ecosystem.

In a separate release, Qualcomm and China Network Systems (CNS), together with Taiwan Television Enterprise Ltd (TTV), announced an agreement to conduct a technical trial of Qualcomm's MediaFLO technology in Taipei.

Expected to begin this month, the technical trial will feature four live channels of CNS content and up to three live channels of TTV content. The technical trial is intended to allow CNS and TTV to closely evaluate the performance capabilities of MediaFLO technology as they explore opportunities to deliver multimedia services to mobile devices in Taiwan.




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