EMC Announces Plans to Double Investment in China

EMC Announces Plans to Double Investment in China

November 01, 2007

Commits to Invest US$1 Billion Over Five Years; Opens
Second China R&D Center in Beijing

    BEIJING, Nov. 1 /Xinhua-PRNewswire/ -- 

    EMC Corporation (NYSE: EMC), the world leader in
information infrastructure solutions, today announced the
second phase of its significant investment in the Chinese
market. EMC officially opened its new R&D center in
Beijing and committed to double its planned investments in
China over the next five years.  

    The investment of US$500 million announced in June 2006
is now expected to double, reaching approximately US$1
billion through 2012. The additional investment will be
spent on expanding EMC's R&D operations, growing its
partner community, strengthening its sales and service
capabilities and more effectively serving the rapidly
growing Chinese market.  

    The addition of EMC's Beijing R&D Center expands
its overall presence in China and complements EMC's
Shanghai R&D Center that opened in June 2006. The
Shanghai R&D center, which evolved into an EMC Center
of Excellence (COE) in January 2007, has grown rapidly
since it opened and today employs more than 250 employees.
EMC COEs are units that work on core EMC technologies,
collaborating and leveraging global talent for engineering
excellence.  The center in Shanghai will soon move to a new
location at the Knowledge and Innovation Community of
Yangpu, Shanghai.

    EMC's Centers of Excellence in China are part of EMC's
network of R&D centers around the world, including
centers located in Russia, Ireland, Israel, India and the
United States.  These centers are a core element of EMC's
Innovation Network, which along with researchers from
universities around the world, form a global, collaborative
community that drives the exploration, discovery and
application of new technologies that will shape the future
of information infrastructure.

    At the inauguration today in Beijing, Joe Tucci, EMC
Chairman, President and Chief Executive Officer, said,
"China's contribution, both in terms of a market and
as a culture of innovation, has been spectacular. We have
demonstrated our success by gaining customer confidence in
the local marketplace and our China R&D operation is an
integral part of our industry-leading information
infrastructure product development efforts. The additional
investment reiterates our deep commitment to this rapidly
growing economy and emphasizes the important role that
China will have in EMC's long-term business success."


    The new center in Beijing, located in Zhong Guan Cun,
known as the Silicon Valley of China, will house over 200
engineers and concentrate on the company's core
technologies including information storage, virtualization,
security, resource management and content management and
archiving. The center will also include EMC Research China,
the first EMC research lab to be established outside of the
United States.  

    "The Asia Pacific & Japan region now includes
4,700 EMC employees, which reflects the talented global
workforce that EMC is leveraging to better serve customers
and partners around the world," said Steven Leonard,
President of EMC Asia Pacific and Japan.  "Today's
announcement is another example of EMC's commitment to make
the investments needed in the APJ region to strengthen our
position as a dynamic information technology leader and
help customers better store, protect, optimize and leverage
the core assets of any business - its information." 

    EMC in China

    EMC entered the Chinese market in 1996 and today
operates major sales offices in Beijing, Shanghai,
Guangzhou, Chengdu, Nanjing, Xi'an and Wuhan. EMC's current
investments in China include the EMC China Solution Center
network with five centers in Beijing, Shanghai, Guangzhou,
Chengdu and Shenzhen that support and demonstrate EMC's
technologies for customers and partners. EMC's operations
in China continue to attract the best talent and are
expected to have 1000 employees by the end of the year. 

    EMC has enjoyed solid business growth and rapid
customer adoption in China.  According to IDC's Asia
Pacific Storage Tracker, September 2007, EMC together with
the sale of Dell|CLARiiON storage solutions that IDC
attributes to Dell, achieved 26% revenue market share in
external storage for the 1H 2007. According to IDC, EMC was
also the number one provider of storage management software
in the 1H 2007 with 39.5% revenue market share.      

    Keeping its rich history of community involvement, EMC
and its employees are working closely with local
communities in China in the area of education and
empowerment. EMC continues to build future talent and has
alliances with key universities in China through its EMC
Academy Program. This includes curriculum building,
research and funding programs.

    About EMC

    EMC Corporation (NYSE: EMC) is the world's leading
developer and provider of information infrastructure
technology and solutions that enable organizations of all
sizes to transform the way they compete and create value
from their information. Information about EMC's products
and services can be found at www.EMC.com.

    EMC is a registered trademark of EMC Corporation. 
Other trademarks are the property of their respective
owners.

    Forward-Looking Statements

    This release contains "forward-looking
statements" as defined under the Federal Securities
Laws.  Actual results could differ materially from those
projected in the forward-looking statements as a result of
certain risk factors, including but not limited to: (i)
adverse changes in general economic or market conditions;
(ii) delays or reductions in information technology
spending; (iii) our ability to protect our proprietary
technology; (iv) risks associated with managing the growth
of our business, including risks associated with
acquisitions and investments and the challenges and costs
of integration, restructuring and achieving anticipated
synergies; (v) fluctuations in VMware, Inc.'s operating
results and risks associated with trading of VMware stock;
(vi) competitive factors, including but not limited to
pricing pressures and new product introductions; (vii) the
relative and varying rates of product price and component
cost declines and the volume and mixture of product and
services revenues; (viii) component and product quality and
availability; (ix) the transition to new products, the
uncertainty of customer acceptance of new product offerings
and rapid technological and market change; (x) insufficient,
excess or obsolete inventory; (xi) war or acts of terrorism;
(xii) the ability to attract and retain highly qualified
employees; (xiii) fluctuating currency exchange rates; and
(xiv) other one-time events and other important factors
disclosed previously and from time to time in EMC's filings
with the U.S. Securities and Exchange Commission.  EMC
disclaims any obligation to update any such forward-looking
statements after the date of this release.


    For more information, please contact:

     Joyce Zhou 
     EMC China
     Tel:   [phone]-6658
     Email: [e-mail] 

     Hadley Weinzierl 
     EMC Corporation
     Tel:   [phone]
     Email: [e-mail]