Recently, qualcomm and guizhou government signed a strategic cooperation agreement in Beijing, set up joint venture company of guizhou, China announced a joint core semiconductor technology co., LTD. The new company will focus on the design, development and sales for the use of China advanced server chip technology.
Guizhou provincial party committee secretary Chen min 'er, guizhou provincial party committee, deputy secretary of the government acting governor sun zhigang, as well as the relevant departments of the state council leadership, and qualcomm, President and chief executive, Steve morrow peskov Derek isle, China chairman Mr. Meng, senior vice President and data center business anand chandra plug Carl group general manager to attend the activities, witnessed the signing and opening.
In recent years, with cloud computing, big data, the rapid development of mobile Internet, data center has become a rapidly growing industry, server chips such as the core product market demand is more and more big. Established by the joint venture, qualcomm and integrate use of both superior resources in guizhou, jointly promote the industry leading technology innovation, and promote regional development, accelerate the development of the national data center technology.
O qualcomm President Derek isle at the scene, said: "today announced the cooperation content is qualcomm continue in-depth cooperation with China and continue to expand investment in China is very important step. In the past 20 years, we have been active cooperation with Chinese partners, and with the guizhou province to carry out strategic cooperation will further strengthen our cooperation in China. We will not only provide investment funds, will also to the joint venture company licensing our server technology, and provides the research and development and implementation support. This fully shows that we are committed to become a strategic partner in China." Guizhou province executive vice governor qin as said: "a joint venture is conducive to the development of guizhou province and qualcomm, also conforms to the Chinese government to develop the domestic IC industry goals. I believe that cooperation will bear fruitful results."
It is understood that the new semiconductor technology co., LTD guizhou hua core initial registered capital of 1.85 billion yuan ($280 million), guizhou government investment institutions account for 55% of the shares, qualcomm subsidiary account for 45% of the shares. Its registered in guizhou district, and has operations in Beijing. According to the agreement, qualcomm technology companies in the United States to the licence server chips proprietary technology for the joint venture, will also provide research and development process to support the new company business competitiveness and success.
Qualcomm technology companies in the United States, senior vice President and anand chandra data center business group general manager plug Carl said: "build server technology joint venture company in guizhou province and qualcomm both sides achieve mutual benefit and win-win results, we will work together to seize the great opportunities of data centers."
Qualcomm this clever enough, though the share the profits, but also share the risk, and as a joint venture will not be defined as a monopoly, antitrust won't seek. Relatively Taiwanese policy seems to be some not flexible, nature of capital into from the mainland will also cooperate in an expanding market, cooperation with far more benefits than to give up market.
