Qualcomm Inc (QCOM)

[khemara_qc]

Qualcomm to increase investments in Greater China area

Kathelyn Chiu, Taipei; Steve Shen, DigiTimes.com [Friday 30 September 2005]

http://www.digitimes.com/news/a20050930A9054.html

Qualcomm International plans to increase its investments in Taiwan and China, targeting IC design houses and 3G related companies, Tony Li, president of Qualcomm Taiwan, said at a 3G-technology seminar held in Taipei yesterday.

An investment arm of Qualcomm had appropriated a sum of US$100 million as a venture capital fund for investments in the Greater China area since 2002, Li noted, adding that US$14 million out of the venture capital fund have been invested in the area, mostly investing in China-based companies, including wireless software solution providers Enorbus and handset-use IC design house Techfaith.

Qualcomm is now in talks with a number of Taiwan-based IC design houses for receiving equity investments from the U.S-based IC design company, Li noted. Qualcomm has already made equity investments in Taiwan-based handset maker High Tech Computer, according to Li.