(Yicai Global) May 31 -- US personal computer giant HP will reportedly continue to boost its investment in research and development, outsourcing of services, and high-end manufacturing in Shanghai, despite the impact of the recent Covid-19 outbreak in the city.
Shanghai is China’s most dynamic city, so HP’s long-term and steady development in Shanghai has benefited from the business environment and its favorable policies, The Paper yesterday cited the Palo Alto-based company as saying. HP has always regarded Shanghai as the focus of its worldwide investments and strategic development, it added.
HP has brought together a strong and stable R&D team and formed the most complete supply chain in Shanghai, so the company will strive to make greater contributions to the city’s economic growth and social development, the report said.
HP also said that it ran into difficulties trying to resume work and production during the Covid-19 outbreak, but with the coordination of the Shanghai government, its commodities stranded at the airports and ports have been successfully imported and exported.
The firms in HP’s supply chain also resumed operations in advance to implement virus prevention and control measures, and the issue of production bases in other provinces and cities facing stoppages has been alleviated, the company added. The firms critical to HP’s activities have gone back to work, it said, noting that logistics have also been unblocked, with cargo backlogs eased at airports and port.
HP set up China HP in Beijing in 1985, making it the very first China-US high-tech joint venture in the country. It employs more than 1,500 staff in Shanghai.
Editor: Futura Costaglione