Over the next five years Dell plans to invest $125 billion in China, CEO and founder Michael Dell announced on Thursday.
The company says its investment will help sustain more than one million jobs in China.
“The Internet is the new engine for China’s future economic growth and has unlimited potential,” Chief Executive Michael Dell wrote in a statement.
“Dell will embrace the principle of ‘In China, for China’ and closely integrate Dell China strategies with national policies,” Dell said.
Dell plans to expand its research and development in China.
In 2010 the company said it would spend $250 billion over a 10 year period in China. The money is being used for procurement and other investments. Dell did not say if the current investment was part of that promise.
After two decades in the country the company had witnessed sales of just $5 billion before it went private in 2013.
Dell ranked third in global PC shipments in the second quarter after Lenovo Group and Hewlett-Packard.
This article was syndicated from Business 2 Community: Dell Will Invest $125 Billion In China Over Next 5 Years
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