Chinese communications equipment giant Huawei (Fuwei, Huawei) announced on the 15th that it plans to invest $3.1 billion in Italy over the next three years. Named as a significant security threat from the United States, the company aims to strengthen its footing in Europe.
Thomas Miao, CEO of Huawei Italia’s CEO, held a press conference in Milan, (Italy) government affects US-US issues “We are taking an open and transparent policy,” said “$1.9 billion (approximately 210 billion yen) for procurement of goods in Italy over the next three years and $1.2 billion (approximately 130 billion yen) for operations and marketing. To invest $52 million in research and development.”
He said the plan would create 1, 000 direct jobs and 2, 000 subcontract jobs. (AFP)
Rowan Sinclair born and raised in NYC. She has written for Billboard, The Prague Post, and Passport Magazine. In regards to academics, Rowan earned his BBA from NYU. Rowan covers business and economy stories here at The Ticker Times.
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