Motorola Mobility
On January 4, 2011, the consumer electronics and telecommunications company Motorola would split itself into two divisions, with Motorola Mobility responsible for their consumer related products. One of those products would be their mobile phone business, more importantly, smartphones which were beginning to dominate the marketplace.
In May 2012, when Google bought Motorola Mobility for US$12.5 billion, they would use this purchase to get into the smartphone market. This would be short lived as only 2 years later Google would decide to sell Motorola to Hong Kong based and Chinese owned Lenovo on October 30, 2014, for $2.9 billion.
Although Lenovo already had a pre-existing smartphone division, it would use Motorola to get its foot in the door of the American smartphone market. Since Motorola had been a telecommunications company all the back to 1928, Lenovo would pick up some 2000 patents as part of the deal.
They would become the third largest smartphone manufacturer in the world and by March 2017, the decision would be made that they would no longer make Lenovo branded phones and just use the Motorola for all future products.
4 thoughts on “7 US Companies That Are Chinese Owned”
Yikes ! ! ! (Has anyone told the President?)
Yikes ! ! !
How totally disgusting that China owns any of us
Many American & European companies located in Hong Kong, China…are owned by British, Urasians & American companies.