Dell to Invest $125 Billion in China Over 5 Years

Dell to Invest $125 Billion in China Over 5 Years
Advertisement

Computer maker Dell Inc will invest $125 billion (roughly Rs. 8,31,613 crores) in China over the next five years, its chief executive said on Thursday, as the company continues to expand in the world's second-largest economy.

The world's third-largest maker of personal computers said the investment would contribute about $175 billion (roughly Rs. 11,64,129 crores) 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," Chief Executive 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 it planned to spend $250 billion (roughly Rs. 16,63,113 crores) on procurement and other investments over the next 10 years in China, its second largest market outside the United States.

It was unclear if the $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 $5 billion (roughly Rs. 33,262 crores).

In January, it announced partnerships with state-owned China Electronics Corporation and the municipal government of Guiyang.

Marius Haas, Dell's president of enterprise solutions, told Reuters 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.

Dell ranked third in global PC shipments in the second quarter after Lenovo Group Ltd and Hewlett-Packard Co, according to research firm International Data Corp.

© Thomson Reuters 2015

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Dell, HP, Hewlett Packard, Laptops, Lenovo, PC
Spotify Is Encouraging the Hipster in You With 'Found Them First'
iPad Pro: 10 Things You Need to Know
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News
 
 

Advertisement

Follow Us

Advertisement

© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »