HP, the world’s largest technology company, plans to operate a 20,000-square-meter facility in Chongqing, where it will make state-of-the-art notebook and desktop PCs for customers in the world’s most populous country, according to the terms of a memorandum of understanding with the Chongqing Municipality.
HP is the leading foreign manufacturer of PCs in China.(1)
Manufacturing operations are expected to begin in 2010. When in full operation, the HP-managed plant is expected to have the capacity to meet market demand in Chongqing as well as other parts of China across government, public and retail sectors.
Chongqing leaders and HP share a vision for the potential of the region.
“Our vision of transforming Chongqing into China’s West IT center requires strong participation from the world’s most innovative and respected companies,” said Wang Hongju, mayor, Chongqing Municipality. “We welcome and support the HP venture, which will accelerate the development and bring new economic opportunity to an area previously untapped.”
“As the world’s leading PC maker, the world’s largest component buyer and a contributor to the Chinese economy since 1981, HP is proud to announce plans to expand our commitment to the Chinese marketplace,” said Todd Bradley, executive vice president, Personal Systems Group, HP. “We look forward to expanding opportunities for local talent in the heart of China to help us better serve the Chinese market for computing products and services. We thank the Chinese government for this opportunity to forge a closer partnership between Chongqing and HP.”
Chongqing is one of the fastest growing cities in China. According to the National Bureau of Statistics, in 2007, its GDP was $410 billion (RMB) with a growth rate of 15.6 percent over the prior year. The city has 500,000 university students and more than 1,000 research and development institutions. In addition to the educated work force, development conditions offered by the local government made the development attractive to HP.
Today’s news follows a joint announcement related to an HP Global Call Center to provide sales-related support for HP products and services and the development of an information-sharing platform for Chongqing’s University Town that will help reduce redundant IT investments by tertiary institutions.
HP in China – key milestones and facts
HP, the world’s largest technology company, provides printing and personal computing products and IT services, software and solutions that simplify the technology experience for consumers and businesses. HP completed its acquisition of EDS on Aug. 26, 2008. More information about HP is available at http://www.hp.com/.
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(1) IDC Asia Pacific Quarterly PC Tracker, Q2 2008.
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