Dell, the third largest personal computer maker in the world announced an investment of $125 billion through its CEO on Thursday, as the computer maker continues its expansion in the second biggest economy in the world.
The company said the investment would end up contributing approximately $175 million to exports and imports and sustain over one million jobs across China.
The Internet has become a new engine for future economic growth in China and has a potential that is unlimited said Michael Dell the CEO in a prepared statement.
Dell is embracing the principle of, “In China, for China,” and will closely integrate with strategies of Dell China and national policies, said the prepared statement by Dell.
It added that the computer company would continue its expansion in China of both research and development.
Dell announced five years ago that it planned to spend more than $250 billion in procurement and other forms of investments during the next decade in China, its second biggest market outside the U.S.
It was not clear if the $125 billion is part of the original investment. Dell’s off in China did not reply to requests to comment on this report.
Dell has conducted business in China for close to two decades and prior to going private two years ago, enjoyed annual sales in the Asian country of close to $5 billion.
In January, it made an announcement of partnerships with China Electronics a state owned company and the Guiyang municipal government.
Marius Haas, the enterprise solutions president at Dell said that after those partnerships in China that partnering was the best way for its operations in China and that the company was becoming much more aggressive with that type of strategy.
Dell was ranked third in global shipments of PCs during the second quarter of 2015 behind just Lenovo and U.S. based Hewlett Packard according to International Data Corp an online research company.