Hewlett-Packard Development Co has signed a memorandum with Shanghai government which signals the technology giant may increase its investment in the city.
HP said it plans to enlarge its manufacturing base in Shanghai, consolidate existing sites into one multi-purpose campus and establish Shanghai as a China headquarters for HP’s Personal Systems Group.
The company also said it will partner with the Shanghai government to apply technology to deal with complex infrastructure, energy and health care transformations.
"Shanghai will be an important part of HP’s next phase of growth and innovation in China," said Leo Apotheker, HP’s president and chief executive officer. "We look forward to expanding our close partnership with this city."