Huaxu, Motorola Form Smart Card Joint Venture
Page 1 of 1
China Huaxu Golden Card Co. Ltd. and Motorola's Smartcard Systems Business signed a joint venture agreement in Beijing for cooperation on smart card opportunities in China.
This is Motorola's sixth joint venture in China and the first joint venture integrating smart card design, manufacture, software development, systems integration, and services.
The joint venture will provide smart card solutions and plans to facilitate the acceptance of smart card applications among Chinese consumers. Potential applications include identification, transportation, retail sales, finance, healthcare, communications, and industry and commerce, the companies said.
"As a renowned enterprise in the industry, Huaxu will leverage Motorola's competencies in smart card technologies, management and systems integration," said Pan Lihua, general manager of Huaxu. "The combination of the two companies' resources will help to promote China's information technology initiative."
China Huaxu Golden Card, emerging from the original Taiji Computer Company under the Ministry of Electronics Industry, specializes in smart card design and production under the guidelines put forward by Premier Zhou Jiahua.