Siemens to invest $310 million in Asia for wireless
Siemens AG's Information and Communication Mobile Group plans to invest US$250 million over the next two years to expand three Asian research and development (R&D) facilities, the company announced. In addition, the company will spend $60 million to increase production capacity for mobile devices at its factory in Shanghai, it said.
The investments are the second phase of a previously announced plan to invest $1.5 billion across Asia, the company said in a statement.
The R&D investments will be channelled into existing research centers in Beijing, Shanghai and Singapore, adding 320 staff to a combined research team of 150, said Siemens.
The Beijing R&D lab has been tagged to ready Siemens' first TD-SCDMA (time division synchronous code division multiple access) mobile phone to production by 2003. Siemens is betting that TD-SCDMA, which was developed in China and is based on the widely deployed GSM (global system for mobile communications) standard, will prove popular as Asian carriers upgrade their networks for 3G (third-generation) mobile services, it said.
Besides bulking up R&D efforts in the region, Siemens will boost the capacity at its Shanghai plant by 40 percent, to 14 million mobile devices annually, the statement said. The upgrade is needed as the company expects the plant to reach its current capacity of 10 million units by the end of this year, it said.
Siemens, in Munich, is at +49-89-234-0, or at http://www.siemens.com/.