Cisco Opens China R&D Centre in Shanghai

From Forbes:

"US Internet and communications-equipment maker Cisco Systems Inc has opened its first research and development (R&D) center in Shanghai, the Shanghai Daily reported. The opening comes ahead of expected heavy spending by China's communication providers on the development of third-generation telecommunications networks.

The investment for the Cisco China R&D Center will reach 32 mln usd within the next few years and more than 100 staff are already working for the center in the initial stages, the paper said, citing company officials."

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