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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (64258)	6/7/2002 2:15:37 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Motorola to hire 4,000 engineers and spend $1 billion in R&D in China in new strategy Semiconductor Business News (06/06/02 14:52 p.m. EST) siliconstrategies.com BEIJING -- Motorola Inc. here today outlined its new strategy in China, announcing plans to spend an additional $1 billion in R&D and hire 4,000 more engineers in that nation. Tim Chen, the new president of Motorola's China subsidiary, also announced the company's new, so-called “2+3+3” strategy in that nation. The “2+3+3” strategy is an evolution of Motorola's previous “Four-Point” program in China. The '2' refers to the company's efforts to make China into a worldwide manufacturing and R&D base. The first '3' refers to three new growth areas that the company will focus on in China, 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.