28 Feb 2013 Shenzhen Daily
SAMSUNG plans to establish a large telecommunication equipment research institute in Shenzhen Hi-Tech Industrial Park in Nanshan District, according to an agreement signed Tuesday by the multinational electronics company and Shenzhen’s investment promotion department.
The institute will focus on the research and development of base station equipment and state-of-the-art telecommunication technologies. Similar R&D previously has been conducted only in the company’s headquarters in South Korea, according to yesterday’s report by Shenzhen Special Zone Daily.
The institute will also integrate functions of production, sales and design, and is expected to have more than 1,000 employees within five years.
Shenzhen Vice Mayor Chen Biao said the institute’s establishment will advance the development of the city’s telecommunication equipment industry, making the industry more international in terms of marketing management and professional staff.
A Korean manager of Samsung’s Internet department, whom the Special Zone Daily identified as Cui Renquan after translating his name into Chinese, said the institute will be dedicated to fostering telecommunication equipment professionals in Shenzhen. Additionally, Samsung will consider establishing a manufacturing base for advanced telecommunication equipment.
The institute’s registration and approval are scheduled to be completed by the end of next month, the paper said.