referring to China's Huawei Technologies Co Ltd will spend NZ$400 million (USD 282 million) on research and development in New Zealand, the government said on Wednesday. "The initiatives that Huawei is committing to will also help strengthen our research and development activity and capability building in the digital and technological world," Bridges said. With domestic partners in New Zealand, the Chinese company will build a cloud data centre and innovation labs at universities in Christchurch and Wellington, New Zealand economic development minister Simon Bridges and science minister Paul Goldsmith said in a joint statement.
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Huawei reveals new investment plan to extend its cloud computing infrastructure, R&D in New Zealand
Huawei, the Chinese technology giant, has announced a new investment plan to extend its cloud computing infrastructure, research and development (R&D) partnership and local procurement in New Zealand. Huawei will work with local partners to build a New Zealand Cloud Data Centre, and will open an innovation lab this year, the company said without disclosing the value of the deal. Huawei will build another innovation lab in Christchurch to seek local R&D partnership there, and open a regional office in the country's capital for local procurement and help businesses in New Zealand which will be integrated into Huawei's global supply-chain network. Huawei's Founder and CEO Ren Zhengfei said it is seeking further investment opportunities in New Zealand due to its open and fair trade environment and emphasis on developing new technology. Over the next five years, Huawei will also fund a total of 100 New Zealand undergraduate students to travel to China and learn about latest technology and participate in cultural exchanges.
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