Intel Chairman Grove Discusses China Market Potential and Japanese Productivity in 1998
1 report, 1 independent
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What happened
In May 1998, Intel Chairman Andy Grove discussed company strategy in Asia. Speaking to a Shanghai audience, Grove addressed the potential of mainland China, noting a spirit of entrepreneurship in the region. He also dedicated a $200m assembly plant and promised to establish a $50m R&D centre there.
Why it matters
Grove used the opportunity to discuss the gap between required IT spending and current reality, noting that Japan's IT spending ran at 2 per cent of GDP compared to 4 per cent in the United States. He warned that China's PC shipments could overtake Japan's in the following years.
Who's involved
- IntelIntel Corporation, the company whose strategy was discussed by its chairman.
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The entities involved
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Intel
American multinational technology company
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