Leading Global Manufacturer of Air Conditioners and Home Appliances Opens New Facility Dedicated to Research and Development
San Jose, CA, April 27, 2017 - Midea - a leading global player in consumer appliances, heating, ventilation and air-conditioning systems, and robot and Industrial automation systems – is expanding its footprint in Silicon Valley with a new Emerging Technology Center (ETC) in San Jose, CA. The facility will focus primarily on Artificial Intelligence (AI), robotics, chips, sensors, and more, intending to provide technological support as Midea transforms itself from a home appliance enterprise to a high-tech industrial leader. The ETC is part of Midea’s overall expansion in North America which also includes a new customer service center and expanded corporate office spaces. Midea plans to invest $250 million dollars in the Silicon Valley ETC over the next five years.
A grand opening ceremony is being held today at the ETC, with Dr. Ziqiang Hu, vice president，Chief Technology Officer of Midea Group and president of Midea Corporate Research Center, and Dr. Dongyan Wang, vice president and general manager of the ETC, both scheduled to speak. Additional speakers will include the mayor of San Jose, Sam Liccardo, and officers from Consulate General of the People’s Republic of China in San Francisco.
“Technology and innovation never stand still, so it’s essential that Midea keeps driving ahead to remain globally competitive,” said Dr. Ziqiang Hu, vice president and Chief Technology Officer of Midea Group. “The new ETC will leverage the creative energy in Silicon Valley to help Midea to continue to grow and deliver innovative products to its customers.”
The addition of the ETC is part of Midea’s global corporate strategy to expand its U.S. presence and to leverage Silicon Valley’s ecosystem which is focused on innovation and development. It is Midea’s second research and development center in the U.S., following the launch of the Midea America Research Center (MARC), which is located in Louisville, KY. Midea has also established research centers in Japan, Italy and Germany, with other locations on the horizon. Through continuous scientific research and a more balanced global development strategy, Midea will become a world-class leader in both products and technology.
"I’m impressed by Midea’s high speed, high efficiency, and pragmatic style. My superior, CTO Dr. Hu has always been supportive of my only request upon joining, which is to manage the Silicon Valley team with the Silicon Valley style, recruit the best talent, and to provide world-leading technology and innovation.” said Dr. Dongyan Wang, vice president and general manager of the ETC. “The ETC vows to provide a unique experience and become a driving force for Midea’s globalization. We will continue to expand our R&D investment, and recruit more local, high-end talent. The main focus of the ETC will be on AI Technology including AI for both Midea products (Smart Home, Intelligence Manufacturing and Robotics) and enterprise business applications (Sales, Marketing, Service, Supply Chain etc.), computer vision, natural language processing, advanced data science, value mining, magnetic suspension, as well as other products research and development."
Established in 1968, Midea (SZ:000333) is a publicly listed, Fortune 500 company, that offers one of the most comprehensive ranges in the home appliance industry. Midea specializes in air treatment, refrigeration, laundry, large cooking appliances, kitchen appliances, water appliances, floor care and lighting. Headquartered in Southern China, Midea is a truly global company with over 126,000 employees and operations in more than 200 countries. The company has 21 production facilities and 260 logistics centers worldwide. After nearly 50 years of continued growth, Midea now generates annual revenue of more than USD23 billion.
Midea is the world’s largest producer of major appliances and the world’s No. 1 brand of air-treatment products, air-coolers, kettles and rice cookers.* Each year, Midea wins 40+ design awards at different global design shows such as reddot, iF, and Good Design Award.
*Euromonitor International Limited; Consumer Appliances 16ed