Ericsson invests in new research centers
Ericsson is beefing up its research and development (R&D) capabilities with plans to construct three new global ICT centers over the next five years.
The infrastructure vendor plans to invest 7 billion krona (€804 million) in the facilities, two of which will be located in Sweden and the third in Canada, to accelerate the pace of its cloud innovations. The ICT centers will be built close to existing R&D hubs, and will be accessible by Ericsson’s customers as well as its 24,000 R&D engineers.
Hans Vestberg, Ericsson president and chief executive, says the centers aim to boost the generation of new ideas. “[A]t these centers, we will push the boundaries of possibility on next generation technology and services. Flexibility enabled by new ways of working will realize innovation faster to the market and to our customers.”
The new centers will offer a combined size of 120,000 square meters, and will house Ericsson entire technology portfolio. The vendor also claims the new facilities will help it cut company-wide power consumption by up to 40%.