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Apple to invest $508 million in China for two R&D centres

BGR India Sunday, 19 March 2017
To boost local talent, tech giant Apple has announced it would invest $508 million in China to build two additional Research and Development (R&D) centers in Shanghai and Suzhou. According to a report in MacRumors on Friday, Apple’s attempt to boost its presence in China began last September with the opening of its first R&D centre in Beijing’s Zhongguancun Science Park, often referred to as “China’s Silicon Valley”. “We are looking forward to working with more local partners and academic institutions through the expansion of R&D centers in China,” Dan Riccio, Senior Vice President (Hardware Engineering) at Apple, was quoted as saying. “We are honored to have access to excellent talent and a positive entrepreneurial spirit in the region, where
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News video: Apple CEO Supports Globalization

Apple CEO Supports Globalization 00:43

AFP Apple CEO Tim Cook has declared that globalization is “great for the world.” He announced this at the China Development Forum 2017 last week. Cook said Apple will spend 507 million dollars to open two additional research centers in the People’s Republic of China. The CEO did acknowledge...

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