Cisco plans to invest $10 billion in China, although its sales in the country are slumping due in part to persistent security concerns surrounding U.S. technology.

The investment marks a “new chapter” for the company and includes agreements with the Chinese government to expand in areas including research and job creation, Cisco said Wednesday.

The $10 billion investment will be made over several years and will help spur technology innovation in the country, Cisco said, without elaborating. It called the move a “renewed commitment,” suggesting that the investment would be added on top of its operational expenses in China. Cisco could not be immediately reached for comment.

To read this article in full or to leave a comment, please click here

…