U.S. manufacturing giant, Jabil taps into Chinese 5G market
U.S. electronic manufacturing giant, Jabil, has taken steps to expand its investment and Research and Development (R&D) capabilities in China to tap into the enormous opportunities of the country’s 5G market.
The firm launched a new 5G intelligent manufacturing innovation centre in Wuxi, east China’s Jiangsu Province earlier this month, and would develop a complete industry chain with the centre’s design, R&D, maintenance and industrial application functions.
According to the Executive Vice President of the Florida-based firm, Alessandro Parimbelli, the centre will offer strong technical support to Jabil’s 5G business development, and Jabil will continue expanding its investment in Wuxi.
“The innovation facility is expected to further beef up Jabil’s R&D forces in China.
“In March, the Jabil Circuit Cloud and RF Technology R&D Center were unveiled in Wuxi with a 300-strong staff to enhance its edge in manufacturing 5G communication equipment,” Parimbelli said.
The presence of Jabil, one of the world’s largest providers of electronic manufacturing services in the Chinese market could be traced further.
The Wuxi subsidiary was founded in 2004 and had become one of the company’s largest 5G intelligent manufacturing bases in the world.
The Jabil Circuit (Wuxi) Ltd. revenue reached nearly 16 billion Yuan (or about 2.2 billion U.S. dollars) in 2018.
According to Parimbelli, Jabil would build more intelligent workshops and provide more jobs of high-tech skills in Wuxi, adding that he looks forward to achieving more mutual benefit and win-win results.
The 5G-related manufacturing business is predicted to generate 200 million dollars of revenue for Jabil in 2019.
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