News | Technology
15 Dec 2017 2:19
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Days of Xmas
  • Sport
  • Weather
  • 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
     14 Dec: Cat Person: Why a 7,201-word piece of literary fiction in the New Yorker went viral
     14 Dec: Google leads way on sex advice: study
     13 Dec: One Belt, One Road: China heralds 'Digital Silk Road'; foresees internet-era power shift soon
     13 Dec: Scientists discover human-size penguin
     12 Dec: Kiwis take up ultra-fast net in droves
     11 Dec: Microsoft NZ lifts FY profit 15pc
     08 Dec: Spark, Vodafone scorn Chorus 5G proposal
     Top Stories

    RUGBY RUGBY
    Australia bidding for 2027 Rugby World Cup More...


    BUSINESS BUSINESS
    Pearce NRL signing proves financial boon More...



     Today's News

    International:
    Rohingya death toll likely above 10,000, MSF says amid exodus 23:37

    Skiing:
    NZ freeskier through to superpipe finals 21:57

    Law and Order:
    PNG medicine shortage sees rise in dubious 'miracle potions' containing urine, herbs 21:37

    Entertainment:
    Rob Kardashian is reportedly “still struggling with his health” 21:30

    Business:
    Pearce NRL signing proves financial boon 21:17

    Entertainment:
    Kourtney Kardashian is reportedly “very happy” in her romance with Younes Bendjima 21:00

    Entertainment:
    Lily Allen has admitted she was a “drunk mess” during a “disastrous” summer in 2013 where she lost her “dignity” 20:30

    International:
    China constructing North Korean border refugee camps in preparation for disaster: leaked report 20:27

    International:
    Emu escapee recaptured in graveyard and returned to Essex village home 20:07

    Entertainment:
    Mark Hamill has thanked ‘Star Wars’ fans for helping him “get through” the days in the wake of Carrie Fisher’s passing 20:00


     News Search






    Power Search


    © 2017 New Zealand City Ltd