Friday, March 11, 2011

CEO, said the wave of mergers and acquisitions this year to strengthen joint venture with foreign co



March 10 message, the wave of the Group Chairman and CEO Sun Pishu told Sina science and technology interview revealed that in 2010 the tide will continue to seek new acquisitions, the company also plans to set up joint ventures with foreign companies, mutual shares.

Sun Pishu that with new technology or more in some sectors have done a professional company will be the wave of M & A targets.

Wave last year acquired Germany's Qimonda R & D centers in China, Sun Pishu described it for the companies is a "larger action."

Wave also plans to further strengthen cooperation with foreign companies and resource integration. Sun Pishu said: "with the cooperation of foreign companies can form joint ventures, mutual shareholding, in this regard, I think that will continue to strengthen."

For the development of cloud computing, Sun Pishu said wave will cut into three aspects, first, to provide total solutions, the second is to apply to migrate to cloud up, three cloud computing is the development of key technologies and equipment.

Sun Pishu revealed that the current wave of R & D share of total sales revenue has accounted for 7%, but still the gap with international companies, the future of this ratio should be gradually increased to about 10%.