Finanical Times reports that Motorola, after jettisoning its semiconductor business is looking to partner with or buy communications companies in order to prop up its ailing businesses.

In an interview with the FT, Lief Soderberg, director of global strategy for Motorola said:

bq. The acquisitions would “not necessarily be big business defining” but would include software and applications. It would also look to build on its position in the automotive sector and government services division, which has emerged as a key generator of earnings amid the problems in its handsets and semiconductor divisions.

The company expects to be more active in venture investments, even though it still invests about $100 million a year in new technology start-ups.