Dell plans to invest $125 billion in China
Dell Inc. plans to invest $125 billion in China during the next five years in an effort to expand its business in the world’s second-largest economy, according to multiple published reports citing CEO Michael Dell.
The Round Rock company would contribute about $175 billion to imports and exports, enough to provide more than one million jobs in China, Reuters reported.EnlargeCEO Michael Dell said in a statement that his company will “closely integrate Dell China… moreNICK SIMONITE/ABJIt intends to create an artificial intelligence laboratory, in partnership with the Chinese Academy of Sciences. Dell will work with the state-controlled institute to develop technology related to cognitive systems and deep learning. It has also signed a strategic partnership agreement with Kingsoft Corp. of Beijing to develop and sell big data and cloud computing products, Bloomberg reported.FEATURED JOBSAccount ExecutiveACE AsphaltPhysical Therapy Technician Program DirectorThe College of Health Care ProfessionsTeller: 9908 Brodie Ln – Austin, TXWells FargoPost a JobSee More Jobs Dell operates three plants, two service centers and two research and development facilities in China, as well as 11,700 retail outlets, according to China Daily. The company already employs nearly 2,000 senior engineers in its research and development team in China.