CMC Corporation forms wholly owned subsidiary CIRD
(VOV) - CMC Corporation has announced that it has formed a wholly owned subsidiary called CMC Institute of Research and Development (CIRD) infused with an initial charter capital of VND5 billion.
The new company was formed as a research and development arm of the company specializing in developing high technology products and services with high commercial value.
CMC Corp CEO Nguyen Trung Chinh said the establishment of CIRD will allow the company to consolidate its present research and development units into a more efficient model that will benefit the overall operations.
"We have established CIRD to orient technological research, implement testing research and apply the latest technologies in the production of the corporation," he noted.
In the near future, CIRD will organize research and development on matters pertaining to SMAC (Social, Mobile, Analytics, Cloud), information security, software and services based on cloud computing, the value-added services related to digital content and Internet TV, catching new trends of world technology such as 5G.
On June 26, CIRD signed a strategic cooperation agreement with the Institute of Information Technology and Communication at the Hanoi University of Science and Technology under which the two sides will cooperate in staff training, organizing innovative product competitions and developing system products and hardware.