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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