China’s Huawei invests US$300 million in research centre in Brazil

12 April 2011

Beijing, China, 12 April – Huawei, one of China’s largest cutting-edge technology companies, Monday announced it planned to invest US$300 million in the construction of a research centre in Campinas, in the Brazilian state of Sao Paulo.

The announcement was made by the chairman of the company, Ren Zhengfei, during a meeting Brazil’s President, Dilma Rouseff.

Huawei will also provide US$50 million to buy computer equipment for Brazilian universities.

The Chinese company which is based in Shenzhen, next to the Hong Kong border, already has a training centre in Campinas.

Huawei has been in Brazil since 1999 and its business focuses on the telephone network segment. (macauhub)