Nov 27, 2020

Dyson to spend $3.67bn on new technologies

The investment will allow the company to double the number of products it sells, and expand into new areas. "Now is the time to invest in new technologies such as energy storage, robotics and software which will drive performance and sustainability in our products for the benefit of Dyson's customers," Dyson's chief executive Ronald Krueger said. "We will expand our existing product categories, as well as enter entirely new fields for Dyson over the next five years. This will start a new chapter in Dyson's development." The company will also establish a new university research programme in Singapore, and is planning for a new advanced manufacturing hub. The company will also create a new dedicated software hub at Alabang, in the Philippines.

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