Siemens to invest more than $110 million in Brazilian R&D
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Siemens mobile has announced that it is to invest over $110 million during the next five years to expand research and development work carried out in Manaus, Brazil. Global R&D for Siemens mobile is currently carried out in Germany, Denmark, China and the United States.
Up to 140 professionals currently work on the development of mobile phones and mobile networks software in Brazil. Siemens expects the number of developers in Brazil to grow to 200 by the end of 2004.
'The Latin American market is very promising for Siemens mobile and we see Brazil as a driving force', said Joe Kaeser, Board Member of the Siemens Information and Communication Mobile Group.
'The GSM technology has outpaced the rivalling CDMA efforts and we hold a clear number one position in this market with our mobile phones and infrastructure business. To further speed up our business we integrate this region into our global network of innovation.
'We also supply other markets in the Americas, such as Argentina and Mexico and thus want to utilise the enormous growth potential the region offers for cordless communication,' said Kaeser.
To serve additional market segments more efficiently Siemens will start the local production of wireless products in Manaus in the autumn.
