“Apple Inc.’s first research center in China will be a $45 million facility located in the capital to develop hardware, the site’s landlord said, announcing some of the first details of the project,” Yang Jie and Eva Dou report for The Wall Street Journal.
“The new center will focus on developing advanced technologies, including computer hardware and communications, audio and video equipment and other devices, state-owned Zhongguancun Science Park Administrative Committee said in a social media post Thursday,” Jie and Dou report. “It said the center will have 500 employees.”
“Chief Executive Tim Cook said during a meeting last month with a senior Chinese leader that Apple planned to set up its first research center in China,” Jie and Dou report. “The new research center will be located in a new science park in the city’s Wangjing area, according to the Zhongguancun committee. The committee said Apple’s decision to open the center will help boost to the Chinese economy, creating new employment opportunities, and Apple’s competition with local phone makers would inspire designs suited to the China market.”
Read more in the full article here.
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