Fexon Technology Ltd reports: Internal sources, Fexon Technology Ltd--commitments were suddenly closed because of funding strand breaks, and the investment risk of the breakdown of negotiations. This year, the commitment has been in the wind and Israel voted against Infiniti introduced the negotiations, the initial vote in the wind, some operators are not very optimistic about the development, the Transport Department to suspend the commitment and commercial negotiations.
Founded in February 2002 commitment by China Putian Information Industry Group Company, Telecom Science and Technology Research Institute, Chinese companies, Texas Instruments, Nokia (China) Investment Co., Ltd., LG Electronics, Super Market International Limited, 17, etc. Joint investment company, the total share capital of 233.35 million yuan.(Fexon Technology Ltd)
In 17 members and nine domestic enterprises and foreign enterprises 8. Foreign investment accounted for 68.76 percent, China accounted for 31.24 percent. Putian Group, Texas Instruments, Nokia, etc., each of the total equity of 13.5%.
Commitments, the current focus is the development of TD - SCDMA terminals solutions for the 220 employees.
According to industry sources, the original intent of commitment, in 2006 the introduction of risk investment, but because the then three grams domestic market situation is still not very clear, and promised in early 2006 to replace the original chip research and development platform, causing no Stability, product development, the introduction of venture capital has been shelved. Until the second half of 2007 before re-start the introduction of risk investment, but it seems too late.(Fexon Technology Ltd)