Thoughtbeam launches operations with a strong management team led by Padmasree Warrior!

November 14, 2001

1 Min Read

AUSTIN, Texas -- Motorola, Inc. (NYSE: MOT) announced today that it has taken steps to commercialize its breakthrough compound semiconductor-on-silicon technology by creating a focused business unit and wholly-owned subsidiary, Thoughtbeam, Inc. Thoughtbeam launches operations with a strong management team led by Padmasree Warrior, corporate vice president, Motorola Inc., as the general manager. Warrior was previously chief technology officer and director of the 1100 member central R&D organization for Motorola Semiconductor Products Sector. "Padmasree has over 17 years experience in all aspects of the semiconductor industry, including manufacturing, technology transfer, new product introduction and research. She is well recognized in the industry and we are pleased that she will lead Thoughtbeam," said Edward D. Breen, president of the Networks Sector and president- and chief operating officer-elect of Motorola. Warrior reports to Breen. Motorola also announced today that it has signed its first licensing agreement for production of gallium arsenide (GaAs)-on-silicon wafers with IQE, Plc., the world's largest dedicated manufacturer of outsourced epitaxial wafers and services.In order to support IQE's efforts to commercialize the technology, Motorola has committed to invest $10 million in connection with IQE's upcoming equity financing. In connection with the financing, which is subject to customary regulatory and other approvals, IQE will also grant share warrants to Motorola.Motorola Inc. IQE PLC

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