Cisco and China's Tsinghua University have jointly set up a laboratory for green technology.
The laboratory, which is jointly led by Cisco and the Department of Electronic Engineering at Tsinghua University, will focus on developing network-based smart urbanization technology and solutions in support of China's strategy for the green development of the economy, energy saving, and emission reduction.
John Chambers, the chairman of the board and CEO of Cisco Systems, says that Cisco's innovation plan and the establishment of this green technology laboratory show the company's long-time commitment to China and its high level of confidence in the Chinese market.
As part of its commitment to China, Cisco has also announced that it will set up a supply chain school with Fudan University to push forward the development of the country's logistics industry with world class education.
Considering the strategic position of China to its global operation and the company's promise to investing USD16 billion to China in the coming years, Cisco has launched a coordinating innovation mechanism which aims to stimulate local innovation via capital, technology, flow management, resource incubation, and leadership training.
In November 2007, Cisco announced that it would invest USD16 billion in the Chinese market in the next few years for innovation and sustainable development.