Legend Silicon Secures Second Round of Financing
FREMONT, California -- Sept. 21,
2001
Legend Silicon Corp., a developer of digital transmission technology
for digital television (DTV) and broadband multimedia data casting,
announced its second round of funding. SUNeVision Ventures, the
venture capital group of SUNeVision Holdings (SEHK:8008), was the
lead investor. Dragon Venture, Intel Capital, Savage Venture, Star
Cluster Inc., and Tsinghua Tongfang (SSECHINA:600100) also
participated in the financing. Legend Silicon will use the funding
to extend its technology and product development in China.
Legend Silicon has developed a robust wireless
transmission technology that combines digital television
broadcasting with Internet data services. With its partner, Tsinghua
University, the company is focussed on implementing a new digital
television transmission standard in China.
``We are pleased to be working with these industry
leaders,'' said Hong Dong, chief executive officer of Legend
Silicon. "The new funding enables us to accelerate our product
development and continue our effort in developing China's digital
television transmission solution.''
Fred Chang, managing director of SUNeVision Ventures,
said, "SUNeVision is proud to provide financing and support to the
development of China's DTV transmission standards. Legend Silicon
complements SUNeVision's existing Internet infrastructure and
services businesses in Greater China. The investment also follows
our venture capital strategy of identifying and supporting
world-class technologies tailored to help China further develop its
Internet infrastructure.''
``Broadband for household brings a new level of
experience to PC users and has tremendous potential to accelerate
the use of the Internet in China,'' said Cadol Cheung, director,
Strategic Investments, Intel Capital. ``By offering the possibility
of wireless datacasting, digital television has the potential to
take China closer to a future in which the broadband Internet is a
part of everyday life.''
``Legend Silicon has been working closely with
Tsinghua University in developing wireless transmission
technologies,'' said Professor Lu Zhicheng, board director and chief
executive officer of Tsinghua Tongfang Co., Ltd. ``The participation
of Tsinghua Tongfang in this round of financing represents the
development of the co-operation. The future of China's digital
television arena looks very bright. Tsinghua Tongfang will become
the bridge connecting Legend Silicon to China's digital TV
industry.''
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