Cisco to Put R&D Center in Korea

It’s planning to raise a $40 million investment fund

Apr. 17, 2009 01:17 PM

Cisco says it's going to put an R&D center in South Korea and invest upwards of $2 billion in the country over the next five years including $500 million in loans and investments in local IT and communications concerns. It's planning to raise a $40 million investment fund. Separately, CEO John Chambers also promised that the pace of Cisco acquisitions would pick up.

Published Apr. 17, 2009— Reads 2,630
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About Maureen O'Gara
Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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