Close
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Artificial Intelligence
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Latest News
    • Networking

    Cisco to Invest $10 Billion in China Over Next Few Years

    By
    Jeff Burt
    -
    June 17, 2015
    Share
    Facebook
    Twitter
    Linkedin
      Cisco logo

      Cisco Systems will invest $10 billion to projects in China over the next several years, the latest move by a tech company to expand their presence in the massive and potentially lucrative market.

      The giant networking vendor announced the investments June 17 during a trip to the country by CEO John Chambers and Chuck Robbins, the executive who will replace Chambers next month. The $10 billion represents only the latest efforts Cisco has made in China over the past two decades. The investments will be used to support innovation and development initiatives within the country around such areas as cloud computing. Cisco officials did not delve into specifics.

      At the same time, the vendor is focusing on partnerships, signing Memorandums of Understanding (MoUs) with both China’s National Development and Reform Commission, which is charged with growing investments in the country for work in such areas as innovation, R&D and job creation, and with the Association of Universities of Applied Science (AUAS), which is tasked with improving information and communications technology training. Through Cisco’s existing Networking Academy Program, the company will invest in a four-year program with 100 universities of applied science, which will be recommended by AUAS.

      “Cisco is deeply committed to our Chinese partners,” Robbins said in a statement. “With these new partnerships and initiatives, Cisco is investing in the next generation of Chinese technology innovation, helping capture the opportunities presented by digitization and committing Cisco resources to ensure success together.”

      The vendor’s investments come as Chinese officials continue to push for local businesses to buy technology developed and built by Chinese vendors. China and the United States for several years have traded shots regarding cyber-espionage—as highlighted by the recent hacking of computers of the U.S. Office of Personnel Management allegedly by Chinese interests that compromised the personal data of millions of U.S. government workers—and the use of technology from foreign vendors. U.S. lawmakers have questioned whether technology from such Chinese vendors as Huawei Technologies, ZTE and Lenovo post a national security threat.

      Chinese officials have countered that U.S.-based companies like Intel and Cisco pose similar threats.

      Still, U.S. vendors continue to look to grow their presence in the country. For example, Intel last year announced it was investing $1.5 billion in Chinese chip maker Tsinghua Unigroup, giving it a 20 percent stake in the state-owned venture that runs Chinese chip designers RDA Microelectronics and Spreadtrum Communications, and is partnering with Rockchip to create Intel-based systems-on-a-chip (SoCs) for tablets.

      Intel in 2014 also created a $100 million fund and is building an innovation center in China to fuel the development of smart systems, such as smartphones and wearable devices, powered by its processors, and in December 2014 said it was spending another $1.6 billion over 15 years to upgrade a chip plant in China.

      During its initial conference in March, officials with the OpenPower Foundation said they want their products to become the alternative to Intel in the data center, both in China and across the globe.

      Cisco’s announcement also comes as the company begins to shed some top-level executives from its Chinese operations in the wake of slumping sales in the country as Chinese officials continue their push for independence from technology products from outside vendors.

      Jeff Burt
      Jeffrey Burt has been with eWEEK since 2000, covering an array of areas that includes servers, networking, PCs, processors, converged infrastructure, unified communications and the Internet of things.
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.
      Get the Free Newsletter!
      Subscribe to Daily Tech Insider for top news, trends & analysis
      This email address is invalid.

      MOST POPULAR ARTICLES

      Latest News

      Zeus Kerravala on Networking: Multicloud, 5G, and...

      James Maguire - December 16, 2022 0
      I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
      Read more
      Applications

      Datadog President Amit Agarwal on Trends in...

      James Maguire - November 11, 2022 0
      I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
      Read more
      Cloud

      IGEL CEO Jed Ayres on Edge and...

      James Maguire - June 14, 2022 0
      I spoke with Jed Ayres, CEO of IGEL, about the endpoint sector, and an open source OS for the cloud; we also spoke about...
      Read more
      IT Management

      Intuit’s Nhung Ho on AI for the...

      James Maguire - May 13, 2022 0
      I spoke with Nhung Ho, Vice President of AI at Intuit, about adoption of AI in the small and medium-sized business market, and how...
      Read more
      Applications

      Kyndryl’s Nicolas Sekkaki on Handling AI and...

      James Maguire - November 9, 2022 0
      I spoke with Nicolas Sekkaki, Group Practice Leader for Applications, Data and AI at Kyndryl, about how companies can boost both their AI and...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2022 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×