Chinese IT giant Inspur to set up plants in California

JINAN -?Inspur, a major total solution and service provider of cloud computing in China, is to set up plants and research centers in California.

The Jinan-based IT company said on Saturday in a filing with the Shenzhen Stock Exchange, where it is listed in the Chinese mainland, that it will set up manufacturing plants and research and development centers in California for its server businesses.

The move is expected to help the company tap the international - especially the American - market.

The company will set up a fully-controlled subsidiary in British Virgin Islands and another one in the United States, and each investment will not exceed $10 million, according to the filing.