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General

Huawei to invest BRL 350 million in Brazil research centre

Tuesday 12 April 2011 | 17:05 CET | News
Chinese telecommunications equipment manufacturer Huawei will invest up to USD 350 million in a research centre in Brazil, in Campinas (Sao Paulo). CEO Ren Zhengfei announced the plan during a meeting in China with the president of Brazil, Dilma Rousseff. The plan was disclosed by Brazil's Minister of Development, Industry and Foreign Trade, Fernando Pimentel, who accompanied the president at the meeting. Also at the meeting, the Huawei CEO pledged to donate equipment totalling USD 50 million to Brazilian universities.

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Categories: General
Companies: Huawei China
Countries: Brazil
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