By Tripp Mickle

Apple Inc. said it plans to open two more research-and-development centers in China, beefing up the technology giant's operations in a critical market where it has faced a series of challenges recently.

Apple said the new centers, to be set up in Shanghai and Suzhou, bring its total commitment to R&D facilities in China to more than 3.5 billion yuan, or about $500 million. Last year Apple committed to opening a similar center in Shenzhen, and currently operates one in Beijing.

(More to come)

(END) Dow Jones Newswires

March 17, 2017 09:55 ET (13:55 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
Apple (NASDAQ:AAPL)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Apple Charts.
Apple (NASDAQ:AAPL)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Apple Charts.