Microsoft to invest $750 million in China

The State Development and Planning Commission of China and Microsoft have signed a memorandum of understanding to begin the largest joint Sino-Foreign software industry co-operation in China.

The State Development and Planning Commission of the People’s Republic of China (SDPC) and Microsoft have signed a memorandum of understanding to begin the largest joint Sino-Foreign software industry co-operation in China.

Under the memorandum Microsoft will invest $750 million in China in the next three years in the areas of education and training, academic and research co-operation, hardware manufacturing outsourcing, continued support in software outsourcing and strategic investments and co-operative developments in local software companies.

According to the memorandum, SDPC and Microsoft will establish the SDPC-Microsoft Co-operation Committee and a subsidiary Working Group to meet regularly to discuss software industry issues and to guide and drive the implementation of the MOU.

Minister Zeng Peiyan of the SDPC and Bill Gates will act as the Chairmen of the Co-operation Committee; Vice Minister of the SDPC Zhang Guobao, Microsoft Chief Executive Officer Steve Ballmer and Chief Technology Officer Craig Mundie will be Vice Chairmen.

To help China improve its software technology, Microsoft will assist China to develop world-class software talents, especially project management professionals and software architectural design professionals.

This will be jointly organised by SDPC and Microsoft, co-operating with 11 national software parks in China. Microsoft will also license some Microsoft Research Asia’s (MSRA) technical development accomplishments to local Chinese enterprises for the purpose of developing software products.

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