Oppo is planning to invest $7 billion in research and development globally in the coming three years.
On Tuesday, Shenzhen, a topmost executive of Oppo, said that this Chinese manufacturer of smartphones is contemplating to expand its research and development centers to cities like Bengaluru. At present, the company has one R&D center in Hyderabad, and the second center may be in Bengaluru.
The company’s Vice President and President of global sales, Alen Wu, stated, “India is important for Oppo. We are planning to open one more R&D center in India. It may be in Bengaluru.”
In the company’s ‘INNO DAY 2019’ event, Wu said IANS, “Oppo is doing great in terms of revenue in India. In 2019, as of now in India, the company has seen a development of above 60%, and the number will surely rise by the end of the year. I am happy with the performance. Yet, there are lots of work to be done. We are monitoring India’s operations as we are improving our services in the country.”
The founder and CEO of Oppo, Tony Chen, has announced that the company is going to invest $ 7 billion for R&D to enhance core technologies in the system, software, and hardware in addition to Big Data, artificial intelligence (AI), 5G/6G, augmented reality (AR), and other developing technologies.
As per IDC, a market research firm, Oppo has 11.8 percent market share in the Indian smartphone market in the third quarter.
Previously, the company has declared that in the Greater Noida region, it is opening an electronic manufacturing cluster with an investment of Rs 3,500 crores. This manufacturing unit will have the capacity to manufacture around 2 lakh product units per day.
Oppo also said that it is planning to implement three key strategies to secure 5G opportunities.
Firstly, Oppo will continue its commitment to core technology R&D to develop world-leading tech. Secondly, the company will establish a multi-portal ecosystem of intelligent devices with smartphones serving as the vital gateway. Finally, Oppo will proceed to rethink user service and optimize its content and service offerings.
Oppo Vice President and Head of Oppo Research Institute, Levin Liu, said: “Since the convergence between services and technologies has become crucial, Oppo is establishing an integrated technology model that incorporates five spheres, i.e., data, equipment, computing, scenarios, and services.”
He continued, “The model where Artifical Intelligence and 5G serve as the base and our core capacities, combines all technologies to build an all-around uniform technological experience.”