EMC to invest $500M in China by 2010
EMC will invest $500 million in China by 2010, CEO Joe Tucci said, just a few days after announcing a $500 million plan for India as well. The money will initially pay for a research and development center in Shanghai, a city selected for its technology talent pool. Spending $1 billion in Asia now, spread out over four years, is really quite a bargain considering the business EMC expects to get in return. So don't be surprised if more is announced.
For more on EMC's investment in China:
- read this Boston Globe article
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