(Yicai Global) March 17 -- Apple Inc. [NASDAQ:AAPL] plans to establish research and development centers in Shanghai and Suzhou after setting up R&D facilities in Beijing and Shenzhen, Apple's China website says.
The Cupertino-based firm has pledged to invest more than USD506 million (CNY3.5 billion) in the Chinese R&D centers. The facilities will aim to nurture technical experts in Apple's supply chain and graduates from universities such as Peking University, Tsinghua University and Shanghai Jiao Tong University, an Apple news release said today.
The technology giant has established a series of cooperative programs, including internship, with universities to assist the next generation of entrepreneurs with their business as part of Apple's sustainable development and investment in China.
"We expect cooperation with more local partners and academic institutes through the R&D expansion plan in China," said Dan Riccio, senior vice president of hardware engineering of Apple. "China is home to outstanding talents and has encouraging entrepreneurship atmosphere, and we feel much honored to cooperate with the developers and suppliers in this country, to flourish our business in the market."
Apple is expected to set up R&D centers in Shanghai and Suzhou later this year.
When Tim Cook visited China in August 2016, he told the media that Apple planned to launch the first independently operated R&D center for the Asia-Pacific region in China by the end of 2016.
In October, the administrative committee of Zhongguancun Haidian Science Park disclosed that Apple R&D (Beijing) Co. was founded in Chaoyang Park of Zhongguancun.
The center is committed to computer software, hardware, communication audio and video equipment, consumer electronics technology and information technology R&D.
At the subsequent National Mass Innovation and Entrepreneurship Week hosted in Shenzhen in mid-October, Cook announced Apple would establish a center in Shenzhen consisting of five sectors including supply chain management, operation, research and development, and online and offline retail covering industries such as manufacturing and App development.