EMC Doubles China Investment

Company commits to invest $1B over five years

November 2, 2007

2 Min Read
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BEIJING -- EMC Corporation (NYSE: EMC), the world leader in information infrastructure solutions, today announced the second phase of its significant investment in the Chinese market. EMC officially opened its new R&D center in Beijing and committed to double its planned investments in China over the next five years.

The investment of US$500 million announced in June 2006 is now expected to double, reaching approximately US$1 billion through 2012. The additional investment will be spent on expanding EMCs R&D operations, growing its partner community, strengthening its sales and service capabilities and more effectively serving the rapidly growing Chinese market.

The addition of EMC’s Beijing R&D Center expands its overall presence in China and complements EMC’s Shanghai R&D Center that opened in June 2006. The Shanghai R&D center, which evolved into an EMC Center of Excellence (COE) in January 2007, has grown rapidly since it opened and today employs more than 250 employees. EMC COEs are units that work on core EMC technologies, collaborating and leveraging global talent for engineering excellence. The center in Shanghai will soon move to a new location at the Knowledge and Innovation Community of Yangpu, Shanghai.

EMC’s Centers of Excellence in China are part of EMC’s network of R&D centers around the world, including centers located in Russia, Ireland, Israel, India and the United States. These centers are a core element of EMC’s Innovation Network, which along with researchers from universities around the world, form a global, collaborative community that drives the exploration, discovery and application of new technologies that will shape the future of information infrastructure.

At the inauguration today in Beijing, Joe Tucci, EMC Chairman, President and Chief Executive Officer, said, “China’s contribution, both in terms of a market and as a culture of innovation, has been spectacular. We have demonstrated our success by gaining customer confidence in the local marketplace and our China R&D operation is an integral part of our industry-leading information infrastructure product development efforts. The additional investment reiterates our deep commitment to this rapidly growing economy and emphasizes the important role that China will have in EMC’s long-term business success.”EMC Corp.

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