re: Nokia R&D - China
>> Nokia Sets Up Chinese Research Center
Cellular News
November 23, 2001
Nokia and the Zhejiang Provincial Government of China have signed an agreement to set up a new R&D center to be located in Hangzhou, the capital city of Zhejiang province in China. The center will start operations at the beginning of 2002 and is expected to employ up to 500 people in 3 - 4 years' time, will focus on software development, and will develop platform technologies related to Nokia's 3G mobile networks. The aim is to start cooperation with a local partner in 2003, and the partner company will employ the majority of the personnel.
"With this new R&D center, China will strengthen its position as part of Nokia's global R&D network. For Nokia, China is the second largest market. We are convinced, based on the excellent cooperation done so far, that this project will be a long-term success for all parties involved," said Mr. Sauli Salo, Senior Vice President, Mobile Core Networks, Nokia Networks.
Nokia will involve its current switching Joint Venture partner Hang Xing in the project. Nokia and Hang Xing have a long-term cooperation in the Joint Venture, Beijing Nokia Hang Xing Telecommunications Systems Ltd (BNT), which manufactures GSM switching equipment in China.
At the same time, Nokia has sold a 30% stake in a factory in Suzhou in eastern China to Shanghai Alliance Investment, which is owned by the Shanghai regional government. No financial details were provided. <<
More on the Shanghai Alliance Nokia JV here:
Message 16688764
- Eric - |
