Lucent Ups Chinese CDMA Investment
Lucent Technologies says that it is strengthening its commitment to research and development in China by investing approximately US$50 million to enhance its existing R&D capabilities in the country. The increase in resources will focus on R&D projects primarily supporting the development of 3G spread-spectrum mobile communications technologies including CDMA and W-CDMA.
"Our R&D organization in China has been responsible for many key technical accomplishments, and this was a determining factor in our decision to increase our investment in China," said Mary Chan, president of global wireless research and development for Lucent's Mobility Solutions Group.
The new investments not only will support Lucent Technologies' activities in China, but globally as well. "This investment reflects the increased importance of Lucent China in the overall worldwide strategy of Lucent Technologies," said Jim Brewington, President of Lucent's Mobility Solutions Group. "We increasingly rely on our teams in China to take on key responsibilities for aspects of our business operations including R&D, procurement and manufacturing. In the process, we also are actively developing local talent for future leadership positions."
"The continued investment in China demonstrates a long term commitment made by Lucent to this Market," said Jason Chi, chairman and president of Lucent Technologies (China). "It will help us strengthen current cooperative activities with our partners and clients not only in China but also in the world"
Posted to the site on 10th June 2003
