Computer maker Dell Inc is to invest US$125 billion in China over the next five years, its chief executive said yesterday, as the company continues to expand in the world’s second-largest economy.
The world’s third-largest maker of PCs said the investment would contribute about US$175 billion to imports and exports, sustaining more than one million jobs in China.
“The Internet is the new engine for China’s future economic growth and has unlimited potential,” Dell chief executive officer Michael Dell wrote in a statement.
“Dell will embrace the principle of ‘In China, for China’ and closely integrate Dell China strategies with national policies,” Dell said, adding that the company would continue to expand its research and development team in China.
Dell announced in 2010 that it planned to spend US$250 billion on procurement and other investments over the next 10 years in China, its second largest market outside the US.
It was unclear if the US$125 billion was part of that investment. Dell’s China office did not immediately respond to a request for comment.
Dell has been in China for about two decades and, before it went private in 2013, saw annual sales in the country of roughly US$5 billion.
In January, it announced partnerships with state-owned China Electronics Corp (中國電子) and the Guiyang municipal government.
Dell president of enterprise solutions Marius Haas said in an interview after those tie-ups that partnering was the way to operate in China and the company had become much more aggressive with that strategy.
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