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A Dell, from Austin, Texas, invested $175 billion via Dell Ventures in China, backing trade, jobs, and its commitment. Dell said it plans to “deeply integrate” its planning into Chinese economic development and policies.
Dell, in China since 1995, will boost local R&D and build a new facility. IT solutions aimed specifically at the China market. The vendor will team up with the Chinese Academy of Sciences to establish an AI and advanced computing lab.
Michael Dell and Kingsoft chairman Jun Lei announced a collaboration to launch the “Dell-Kingsoft cloud” for Chinese customers. Also in the cloud, Dell has agreements with the Guiyang Municipal Government, China Electronics Corporation (CEC) and Tsinghua Tongfang Co.(Dell invest $125 billion in Chinese tech.)
Partnerships with local organisations also help to navigate the local market. Intel, for example, said last September it was investing in local chip companies for design of mobile phone chips. While Hewlett-Packard said in May it would sell a majority stake in its server, technology services and storage business. In China to a Tsinghua Holdings subsidiary to boost sales of HP’s enterprise products in the country.
Dell’s new strategy promises to invest USD 175 billion, increase trade, and generate 1 million jobs in China.
CEO Michael Dell said the company will integrate its future development planning into Chinese economic development and policies.
The company also wants to participate in China’s “Internet+” national strategy.
Dell Ventures is also entering China with a focus on investing in startups, particularly in the fields of storage, cloud computing, big data, next-generation data center, mobility and security, the statement said.
China is now Dell’s second largest market, after the US, and the company has a whole supply chain there, including R&D, production, sales and after sales services in China, with a global operations base in Chengdu and an operations center in Xiamen. Sixty-five percent of Dell’s finished systems are produced in China, by Dell and its partners, said Jeff Clarke, president of client solutions.
Around 10 million yuan ($1.6m) in cash and goods was donated by Dell for education and youth projects in China in 2015. China is Dell’s second largest market outside of the U.S.
Dell’s statement highlights the AI lab’s dedication to exploring new computing architectures for brain information processing and artificial intelligence applications. The lab will delve into cognitive function simulation, deep learning, brain computer simulation, and other innovative computing systems.