toggle

AAPL Stock: 132.54 ( + 1.15 )

Printed from http://www.macnn.com

City of Shanghai confirms Apple plans for R&D center

updated 10:14 am EST, Mon January 28, 2013

No word on Beijing rumors

Apple is opening a research and development center in Shanghai this summer, the Shanghai Municipal Commission of Commerce has announced. The company is said to have secured three buildings in Pudong, the city's main finance and commerce district, of which one will be devoted to procurement management and R&D. Apple itself has yet to make an announcement, but the company rarely talks about its infrastructure projects.

The announcement appears to line up exactly with a report from earlier this month, although details such as square footage and the cost of the venture haven't been confirmed. If the CNET account is true, Apple may have to spend about $8.04 million per year to rent the three buildings. Combined the facilities are thought to offer roughly 107,639 square feet.

Tencent claims that Apple is working on a Beijing R&D center have largely evaporated. CEO Tim Cook allegedly mentioned the center to Beijing's acting mayor earlier this month, but nothing has emerged since. It's unlikely that Apple would establish two R&D centers in the same country, at least not in quick succession.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Notti smart lamp from Witti

Perhaps you've already seen our review of the Dotti LED display from Witti Design. Meet Notti, Dotti's "sibling". Notti is a softb ...

Seagate Personal Cloud (2-Bay)

When it comes to backing up files, many users are now looking to the myriad of cloud storage solutions available. There is no doubt th ...

Leitz Icon Label Printer

When you say the words "label printer" to people, they either just really don't care, or they get incredibly excited. This is one o ...

toggle

Most Commented