McAfee Inc. to Establish New Wholly-Owned Subsidiary in China
Forming New Chinese Subsidiary Part of Expanded McAfee Investment in China, Company Aims To Boost China Business
BEIJING & SANTA CLARA, Calif., December 15, 2009 - McAfee, Inc. (NYSE:MFE) today announced it is establishing a new wholly-owned subsidiary in China. The new subsidiary forms part of a new investment McAfee is making in China and the Chinese market.
“China offers compelling opportunities for McAfee,” said Dave DeWalt, McAfee president and chief executive officer, at a press event in Beijing today. “China has great potential as a center for manufacturing, research and development for McAfee and is also a significant burgeoning market for our products. McAfee has continuously strengthened its presence in China over the last decade and we are planning to expand our investment in the near term to take full advantage of the opportunities China presents.”
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Current McAfee operations in China include sales, manufacturing of the McAfee Unified Threat Management Firewall and an R&D team focused on mobile security, localization and security research. With the establishment of a new local subsidiary and the planned increased investment, McAfee intends to significantly grow its China business over the next few years.
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