September 23, 2004 Beijing -- Cisco Systems' president and CEO John Chambers today announced the company's intent to open a research and development center in Shanghai, China. The new facility will represent an initial $32 million investment over the next five years, and Cisco expects to hire approximately 100 employees over the next 18 months to focus product development for the service provider market.

Cisco's Shanghai research and development center will augment Cisco's ability to tailor its products and be more responsive to the changing customer demands of service providers in China, Asia, and around the world, say company representatives.
The research and development center in Shanghai is expected to open in the third quarter of 2005.