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To: StanX Long who wrote (64249)	6/7/2002 2:01:47 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Motorola to Invest $1B in R&D in China Online staff -- Electronic News, 6/6/2002 e-insite.net Motorola Inc. today unveiled its five-year strategy, dubbed 2+3+3, for strengthening its position in China and announced it will hire another 4,000 engineers as well as invest $1 billion in its R&D centers there. The 2+3+3 strategy is an evolution of the company’s previous ‘Four-Point’ strategy, which Motorola has stuck to for the past eight years, the company said. The strategy was introduced today by Tim Chen, the new president of Motorola China, at a Beijing news conference. The ‘2’ refers to building China into a worldwide manufacturing and R&D base, Chen said, while the first ‘3’ refers to three new growth areas including semiconductors, broadband and digital trunking systems. The second ‘3’ refers to three $10-billion goals: annual production value to reach $10 billion by 2006, accumulated inputs in China to reach $10 billion by 2006 and local purchasing to reach $10 billion in China within the next five years. As part of the new strategy, Motorola said it has adjusted its worldwide manufacturing capacity and has shifted some production to China. The company also plans to hire 4,000 more engineers and researchers and add $1 billion in R&D to the existing 18 R&D centers in China. Additionally, a software center was built in China’s Chengdu city last month, and the global telecom and integrated electronic system sectors held global procurement meetings in China this spring. Motorola’s energy systems group also plans to establish its Asian design and procurement headquarters in Shanghai. "In the past decades, Motorola China has been enjoying great successes in China under the Four-Point strategy, which helped Motorola China become the largest foreign investor in China’s electronics industry," Chen said in a statement.