Abstract:
In this paper we will discuss about the recent business deal made by Innofidei, based in Beijing. It provides IC and system solutions to the Chinese mobile TV broadcasters. The BlueRun Ventures, a California based venture capital company, invested 6 million dollars in Innofidei. This business deal will enable Innofidei to spend more on research and development. However, the company's aim is to start CMMB solution services before the 2008 Olympic games.
Innofidei, a Beijing based company, disclosed its recent business deal in March 2008. The company got 10 million dollar investment from BlueRun Ventures.
Innofidei is an IC and system solutions provider, which supplies its product in the market of mobile TV broadcasting in China. Some big entrepreneurs of semiconductor industry had established the company in 2006. Other than Beijing, it has several offices in Taipei and Silicon Valley, USA. It is now a leading "broadcast transmitter system solutions" provider in China. Innofidei's "RF/Mixed-signal technologies" and "low power VLSI" facilitates the customers with a variety of solutions at a low cost.
BlueRun Ventures was founded in 1998. It is a California based venture capital company. It has several branches in Herzelia, Shanghai, Mumbai, Beijing, Seoul and Helsinki.
Innofidei will spend this money on its several Research & Development programs. The market of mobile TV broadcasting is growing rapidly in China, which lures the BlueRun Ventures to make the investment. Innofidei's good track record also helps the company to receive the investment.
By using the investment experience of BlueRun Ventures, Innofidei wants to initiate its CMMB solutions services before the 2008 Beijing Olympics.