BEIJING – IBM will share technology with Chinese companies and actively help to structure the Chinese industry, said in Beijing the chief executive of the company, Virginia Rometty as defined a strategy to one of the foreign companies most impacted by the changes in China’s technology policy.
IBM needs to help China build its technology industry instead of looking at the country only as a sales target or an industrial base, Rometty said at the China Development Forum, an annual conference that brings together the country’s executives and the elite in power of China.
“If you were a country like China is 1.3 billion people, also want an IT industry,” said the executive president on Monday.
“I believe that some companies find it so perhaps scary. We, however, at IBM … we think this is a great opportunity.”
Virginia statements are among the clearest acknowledgments to date by a foreign high-ranking executive in the technology sector that companies need to take a different approach if they want to continue in China amid a growing political pressure.
IBM’s new approach will allow Chinese companies manufacture everything from chips and semiconductor-based servers IBM architecture, to the software that runs the machines.
Topics: Asia , China , Business , IBM , Information Technology , American companies , Services , Technology companies , Technology
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