Inspur

Inspur Group Co., Ltd.
Native name
浪潮集团
IndustryComputers, Servers, and software
Founded1983; 41 years ago (1983)
HeadquartersJinan, Shandong, China
Key people
Sun Pishu (Chairman & CEO)
ProductsCloud Computing, Servers, Storage, Artificial Intelligence
Revenue63.2 billion yuan (2015)[1]
SubsidiariesVenezolana de Industria Tecnológica, C.A.
Websitewww.inspur.com Edit this at Wikidata
Inspur
Simplified Chinese浪潮集团
Traditional Chinese浪潮集團
Transcriptions
Standard Mandarin
Hanyu PinyinLàngcháo Jítuán

Inspur Group is an information technology conglomerate in mainland China focusing on cloud computing, big data, key application hosts, servers, storage, artificial intelligence and ERP. On April 18, 2006, Inspur changed its English name from Langchao to Inspur. It is listed on the SSE, SZSE, and SEHK.

History

In 2005, Microsoft invested US$20 million in the company.[2] Inspur announced several agreements with virtualization software developer VMware on research and development of cloud computing technologies and related products.[3][better source needed] In 2009, Inspur acquired the Xi'an-based research and development facilities of Qimonda AG for 30 million Chinese yuan (around US$4 million).[4][5] The centre had been responsible for design and development of Qimonda's DRAM products.[5]

In 2011, Shandong Inspur Software Co., Ltd., Inspur Electronic Information Co., Ltd. and Inspur (Shandong) Electronic Information Company, established a cloud computing joint venture, with each holding a third.[6]

U.S. sanctions

Further information: United States sanctions against China and Military-civil fusion

In June 2020, the United States Department of Defense published a list of Chinese companies operating in the U.S. that have ties to the People's Liberation Army, which included Inspur.[7] In November 2020, Donald Trump issued an executive order prohibiting any American company or individual from owning shares in companies that the U.S. Department of Defense has listed as having links to the People's Liberation Army.[8][9]

In March 2023, the United States Department of Commerce added Inspur to the Bureau of Industry and Security's Entity List.[10][11]

See also

References

  1. ^ "Inspur Group Profile Profile". Inspur Group. Archived from the original on 6 August 2012. Retrieved 29 August 2012.
  2. ^ "Microsoft Invests Even More in China". SCI-Tech China Daily. 27 September 2005. Archived from the original on 31 July 2020. Retrieved 16 January 2014.
  3. ^ Tuo Yannan (23 May 2012). "Vmware joins with China's Inspur". China Daily. Archived from the original on 28 December 2014. Retrieved 16 January 2014.
  4. ^ "Inspur completes takeover of Qimonda's Chinese research center". EE Times. 19 August 2009. Retrieved 29 August 2012.
  5. ^ a b "Inspur Group struggles to compete with foreign technology powerhouses". Alibaba. 23 August 2009. Archived from the original on 28 December 2014. Retrieved 29 August 2012.
  6. ^ "Shandong Inspur Software Co., Ltd. to Set up JV". Reuters. 25 November 2011. Retrieved 29 August 2012.
  7. ^ Allen-Ebrahimian, Bethany (June 24, 2020). "Defense Department produces list of Chinese military-linked companies". Axios. Archived from the original on June 25, 2020. Retrieved June 24, 2020.
  8. ^ Chen, Shawna (November 12, 2020). "Trump bans Americans from investing in 31 companies with links to Chinese military". Axios. Archived from the original on October 28, 2021. Retrieved November 12, 2020.
  9. ^ Pamuk, Humeyra; Alper, Alexandra; Ali, Idrees (2020-11-12). "Trump bans U.S. investments in firms linked to Chinese military". Reuters. Archived from the original on 2021-10-28. Retrieved 2020-11-12.
  10. ^ Alper, Alexandra; Shepardson, David (2023-03-02). "U.S. adds units of China's BGI, Inspur to trade blacklist". Reuters. Archived from the original on 2023-03-02. Retrieved 2023-03-02.
  11. ^ Jiang, Ben (2023-03-03). "US move to add Inspur to Entity List will hinder China's computing power". South China Morning Post. Archived from the original on 2023-03-04. Retrieved 2023-03-05.