Cisco to invest US$10bil in China


LOOK TO THE EAST: The company, which entered China in 1994, also inked an MOU with an association of universities of applied science to train information and communications technology talent, it said.

BEIJING: US technology giant Cisco announced Thursday that it will invest more than US$10bil (RM37.13bil) in China in coming years to help the country “innovate and globalise”. 

Cisco signed a Memorandum of Understanding (MOU) with the National Development and Reform Commission, the country’s top economic planning agency, to expand investment in China focusing on areas of innovation, equity investment, research and development and job creation, the company said in a statement. 

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