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Microsoft Gives $750 Million to Chinese Universities and Companies
Today's online issue of the Chronicle of Higher Education reports Microsoft Corporation is contributing $750 million to China to support computer science education, basic research, software training, and business growth.
To give a sense of the magnitude and potential importance of Microsoft's investment on the Chinese and global IT market and workforce: the $750 million (to be allocated over three years) is currently equal to 50 percent of the entire Chinese software industry's annual revenues.
The article reports $24 million would be used to create five software colleges in the leading Chinese universities while the balance "will go directly into joint-ventures with Chinese manufacturing firms and software companies."
The article is available online free on the Chronicle's website: http://chronicle.com/free/2002/06/2002062801t.htm