News | Technology
22 Jul 2017 12:53
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Olympic Games
  • Ski Report
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Technology

    Huawei to invest $400m to drive R

    Chinese telecom group Huawei Technologies will spend $400m to help drive local research and development and support the construction of a cloud data centre.


    Chinese telecommunications group Huawei Technologies will spend $400 million over the next five years to help drive local research and development and support the construction of a cloud data centre.

    Economic Development Minister Simon Bridges and Tertiary Education, Skills and Employment Minister Paul Goldsmith on Tuesday announced the investments as the Chinese firm becomes firmly entrenched as a major telecommunications equipment vendor in New Zealand.

    Some $250m of the funds is being earmarked for procurement in local companies.

    The rest is going into a cloud data centre to be built with New Zealand firms, the opening of an Innovation Lab at Victoria University in Wellington, building an Innovation Lab in Christchurch and expanding the Seeds for the Future University Student Programme to a further 100 ICT students.

    "The depth of the investment will touch many areas of the economy and open up global opportunities for New Zealand," Mr Bridges said in a statement.

    "The initiatives that Huawei is committing to will also help strengthen our research and development activity and capability building in the digital and technological world."

    Huawei founder Ren Zhengfai met Prime Minister Bill English to discuss the investments ahead of a major Chinese delegation led by Premier Li Keqiang including senior ministers, government officials and business people.

    Mr English on Monday said he plans to use the meeting to build on the existing free trade agreement.

    Mr Ren visited New Zealand in 2013 when he was still chief executive of Huawei, meeting with various politicians to allay concerns that the world's biggest maker of telecommunications equipment posed no threat to cyber-security.

    Huawei won a contract to build Lincoln University's telecommunications network last year and has been involved in a number of major projects including building mobile carrier Two Degrees Mobile's network and Spark's 4G mobile network.


    NZN




    © 2017 NZN, NZCity


     Other Technology News
     21 Jul: Telcos may be left out by Facebook, Google
     21 Jul: Drunken thief robs Auckland bank: police
     20 Jul: Kiwi's not miserable: Study
     18 Jul: China bans Winnie the Pooh over internet jokes comparing him to President Xi Jinping
     12 Jul: Donald Trump Jr emails: Read the full text
     10 Jul: Ministers hail new 111 call technology
     07 Jul: Science key in 'fake news' fight: advisor
     Top Stories

    RUGBY RUGBY
    Winning Hurricanes desperate to improve More...


    BUSINESS BUSINESS
    NRL announce Knights sale to Wests Group More...



     Today's News

    Environment:
    Drunk, hypothermic group rescued in floods 12:37

    Auckland:
    Slip blocks SH1 north of Auckland 12:37

    International:
    Five-year-old's lemonade stall on London street attracts $246 fine 12:27

    Politics:
    Ardern would give up deputy PM spot 12:27

    Environment:
    Chch declares state of emergency amid rain 12:17

    Business:
    NRL announce Knights sale to Wests Group 11:57

    Law and Order:
    Justine Damond: Minneapolis Police Chief resigns after officer's fatal shooting of Australian woman 11:17

    Golf:
    Final-hole birdie saves Ko from early exit 11:07

    Athletics:
    Willis times qualifying run to perfection 10:27

    Environment:
    Winning Hurricanes desperate to improve 10:07


     News Search






    Power Search


    © 2017 New Zealand City Ltd