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General

Huawei plans to invest USD 1.9 bln in France in three years

Tuesday 30 September 2014 | 09:05 CET | News
Huawei founder and CEO Ren Zhengfei presented a USD 1.9 billion, three-year investment plan for France in a meeting with French prime minister Manuel Valls, reports Les Echos. The move comes two weeks after Huawei opened a European R&D centre at the Sophia-Antipolis technology cluster near Nice. Most of the investment will be made in smartphone technology. The investment plan drawn up in collaboration with the AFII, the French agency for international investments, includes around USD 600 million of purchasing by Huawei's French subsidiary and around USD 1.3 billion by the group itself.

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Categories: General
Companies: Huawei China
Countries: France
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