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ZHONG LUN ADVISED QUALCOMM ON ESTABLISHING A JV WITH THE PEOPLE’S GOVERNMENT OF GUIZHOU PROVINCE
Recently, Zhong Lun Law Firm (China), representing Qualcomm, consummated one joint venture project with the People’s Government of Guizhou Province, China. On 17 January 2016, Qualcomm and the People’s Government of Guizhou Province entered into a strategic cooperation agreement and unveiled a joint venture project - the Guizhou Huaxintong Semi-Conductor Technology Co., Ltd. The joint venture, with initial registered capital of RMB 1.85 billion (approx. $280 million USD), will be 55 percent owned by the Guizhou provincial government's investment arm and 45 percent owned by Qualcomm. The joint venture will focus on the design, development and sale of advanced server chipset technology in China. Zhong Lun provided full-range legal services to Qualcomm, including participating in the negotiations, drafting transaction documents, advising on tax and intellectual property matters, etc..