You are here: Home » International » News » Companies
Business Standard

Apple announces investment in two new R&D centres in China

With the investment of $508 million, Apple will have four centres in China in total

IANS  |  Beijing 

The logo of Apple is seen at a store in Zurich (Photo: Reuters)

To boost local talent, tech giant has announced it would invest $508 million in to build two additional and (R&D) centres in Shanghai and Suzhou.

According to a report in MacRumors on Friday, Apple's attempt to boost its presence in 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 centres in China," Dan Riccio, Senior Vice President (Hardware Engineering) at Apple, was quoted as saying.

"We are honoured to have access to excellent talent and a positive entrepreneurial spirit in the region, where our developers and suppliers will be working together," Riccio added.

With the of $508 million, will have four centres in in total.

Apple's gets most of its products manufactured in China and also sources its best electronics engineers from the there.

"So it seems logical that would go beyond partnering with local firms in China by creating its own centres. This way, Apple has a foot on the ground and gets the best of both worlds," the report noted.

First Published: Sat, March 18 2017. 12:14 IST