Chinese newspaper: "IBM" includes the research and development unit in China

In the latest withdrawal of a US company from the second largest economy in the world, the company “International Business Machens – IBM” decided to close a major research unit in China in a move that affects more than 1,000 employees, according to local media reports, including Yicai. The newspaper, referring to a statement to ‘IBM’, said the company includes two activities in China, which specializes in the field of testing, research and development. She added that from now on she would rather serve private institutions and some entities selected from multinational businesses working in China. With the decline of feelings of confidence due to the economic crisis and the rigor in investigation and supervision, in addition to replacing foreign technology, IBM joins an increasing list of companies that reduce their previous work in China. The Wall Street businesses, such as the “Morgan Stanley” bank, have quoted some of its business abroad, while the foreign investment flow slowly delayed due to the fear of Beijing’s preference for local businesses. Technology is a special sensitivity to the background of the United States and China’s involvement in a struggle over important areas of semiconductors to artificial intelligence. Support of major national enterprises, Beijing is trying to accelerate and support the growth of major national companies such as ‘Huawei Technologies’ because of the concerns that the United States imposed on technology will hamper the achievement of their long -term ambitions and weaken its geopolitical influence. The Wall Street Journal said that ‘IBM’ intends to transfer research and development activities from China to offices in other regions. The US company has informed some of its employees that they are appointing engineers and researchers in places, including the city of Bangalore, India, according to the Wall Street Journal, with reference to the statements of employees on Monday. The representatives of the company did not respond to the suspension requests as they were outside the usual working hours.