DoSTOR Nov 1,2007-- EMC's chairman, president and CEO Joe Tucci came to Beijing Tsinghua Science Park to inaugurate EMC's Beijing R & D center, brought EMC's new "five-year plan in China".

EMC's Beijing R&D center is its second R&D center in China, while the first one was set up in Shanghai in June 2006 when EMC announced the investment of US$500 million. And now the investment doubled to reaching approximately US$1 billion through 2012.

To the guests surprise, EMC's Beijing R&D center which was once considered to do some localization research , will be EMC's first lab (except the US) to conduct basic research.

EMC indicated that the Beijing R&D center will have more than 200 R&D engineers, they will focus on basic research as well as EMC's core technology development. Research projects will involve many aspects such as information storage, virtualization, security, resource management, content management, and data archiving. EMC China lab, company with RSA lab will be part of EMC Innovation Network.

EMC Shanghai R&D center now has 350 R&D engineers, and was upgraded in January 2007, which means it can collaborate and harness EMC's worldwide tech resources , and committed to EMC core technology development. It is said that the center will soon be relocated Shanghai Yangpu Intelligence Innovation Zone.

EMC Chairmen, President and CEO Joe Tucci

Joe Tucci said: "By the year 2012, EMC will have more than 20 offices in China ,and the number of employees will reach 2,500."

According to Joe Tucci ,the additional investment will be used to expand its R&D operations, cooperation partners, so as to strengthen its sales and service capacity. As mentioned to the market potential of China, he said that China has a huge market of software, particularly in the area of enterprise software applications. EMC total consolidated revenue for Q3 2007 was at an increase of 17% over Q3 2006's. And Tucci said that the growth rate of China's market was much higher than this figure. Besides that, China and the Asia-Pacific region has the world-class software R & D talent.

In August, after acquired by EMC,RSA acquired content monitoring service provider Tablus. After that, EMC acquired Berkeley Data Systems (Mozy ). Since EMC's acquisitions got "warm" recently, people were quite interested in whether EMC would acquire Chinese companies. When asked about whether the 1 billion US dollars would be used for the acquisition of Chinese software company, Tucci said that acquisition is one of EMC's strategis indeed, but now, the most important thing for EMC in China is to increase the strength of its R&D, and this would be the main aspect of the investment.

And it was interesting that when Tucci visited China , Intel's president and CEO Paul S. Otellini, was also visiting China. Besides he, it was Cisco's president and CEO John Chambers. It seems that Chinese market is quite attractive to the IT magnate.