The City of Shanghai has just confirmed via the Municipal Commission of Commerce that Apple will be opening a research and development center this summer.
According to the Shanghai Municipal Commission, Apple has registered three firms across a trifecta of buildings in Pudong, Shanghai, one of which will be dedictated to procurement management and R&D.
This isn’t the first we’ve heard about a Shanghai R&D center. CNET China reported a couple of weeks ago that Apple had leased “three six-story Baroque style buildings with total floor area standing at approximately 10,000 sqm”, and that Apple was following through with plans to construct an R&D center in China that had been seven years in the making.
According to those earlier reports, Apple’s rent will be roughly $8 million a year.
An R&D center in the Chinese capitol is obviously a long time coming, especially given Apple CEO Tim Cook’s recent comments that China would be a major growth opportunity going forward, and that China was already their second largest region.
- Source Brightwire