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Cisco and China together in $10 billion deal

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Staff writer |
Cooperation   Cisco to help Chinese market

Cisco and its Chinese partners announced a range of initiatives for the Chinese market that will support local innovation, help with the country’s ongoing transformation, and support the growth of local businesses.

This renewed commitment, worth $10 billion over the next several years, was announced in conjunction with visits and meetings by Cisco Chairman and CEO John Chambers and incoming Cisco CEO Chuck Robbins. Chambers and Robbins met with Chinese Vice Premier Wang Yang and leaders of other government agencies in Beijing.

Cisco signed a Memorandum of Understanding (MoU) with China’s National Development and Reform Commission (NDRC) to expand investment in China, focusing on areas of innovation, equity investment, R&D and job creation, in order to promote the development of a high tech industry in China, while actively helping meet the country’s long-term goal of innovation-driven development.

Cisco also signed an MoU with the Association of Universities (Colleges) of Applied Science (AUAS), which was established under the guidance of China’s Ministry of Education, to advance the training of information and communications technology talent.

Through the existing Cisco Networking Academy Program, Cisco will invest in a four-year program with 100 universities (colleges) of applied science recommended by AUAS.

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