Sunday, November 4, 2007

EMC doubles China investment

STORAGE market leader EMC has opened a new research and development facility in Beijing and committed to doubling its planned investments in China to 1 billion (A$1.1 billion) over the next five years.

The investment of US$500 million announced in June last year is now expected to double, the company said, with the additional funds to be used to expand the EMC R&D capability in China, boost its partner community and strengthen sales and service channels.

The new EMC R&D in Beijing is the second for the company, which opened a Shanghai R&D facility in June 2006. The Shanghai centre was subsequently “evolved” into an EMC Centre of Excellence in January this year.

EMC chairman and chief executive Joe Tucci said China’s contribution as a market and as a culture of innovation “has been spectacular.”

“We have demonstrated our success by gaining customer confidence in the local marketplace and our China R&D operation is an integral part of our industry-leading information infrastructure product development efforts,” Mr Tucci said.

“The additional investment reiterates our deep commitment to this rapidly growing economy and emphasises the important role that China will have in EMC’s long-term business success.”

The new center in Beijing, located in Zhong Guan Cun, known as the Silicon Valley of China, will house over 200 engineers and concentrate on the company’s core technologies including information storage, virtualisation, security, resource management and content management and archiving.

The centre will also include EMC Research China, the first EMC research lab to be established outside of the United States.

The Asia Pacific & Japan region now includes 4,700 EMC employees.