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Dyson will invest an additional $3.67 billion over the next five years focusing on emerging technologies, mainly in Singapore, the UK, and the Philippines to expand into new areas double the number of products it sells.
Dyson, best known for vacuum cleaners, air purifiers, and hair dryers, will expand into software, machine learning, robotics, next-generation motor technology, intelligent products, and connectivity.
The new investment will allocate more for paying engineers and scientists in those fields.
According to Dyson's chief executive Ronald Krueger, it's time for them to invest in new technologies to drive performance and sustainability in their products for the benefit of its customers.
He added that the investment will start a new chapter in Dyson's development and vows to make its technology safer, cleaner, and longer-lasting than existing alternatives.
The company had plans to set up its headquarters in Singapore.
Dyson will also commercialize its solid-state battery technology, which is under development in the US, UK, Japan, and Singapore.
The company's robotics research and artificial intelligence programs are at Hullavington Airfield Campus in the UK, while its advanced research and development facilities are in Singapore.
Dyson to invest $3.67 billion in expansion on new technologies
Dyson will invest an additional $3.67 billion over the next five years focusing on emerging technologies, mainly in Singapore, the UK, and the Philippines to expand into new areas double the number of products it sells.
Dyson, best known for vacuum cleaners, air purifiers, and hair dryers, will expand into software, machine learning, robotics, next-generation motor technology, intelligent products, and connectivity.
The new investment will pay for more engineers and scientists in those fields.
According to Dyson's chief executive Ronald Krueger, it's time for them to invest in new technologies to drive performance and sustainability in their products for the benefit of its customers.
He added that the investment will start a new chapter in Dyson's development and vows to make its technology safer, cleaner, and longer-lasting than existing alternatives.
The company had plans to set up its headquarters in Singapore.
Dyson will also commercialize its solid-state battery technology, which is under development in the US, UK, Japan, and Singapore.
The company's robotics research and artificial intelligence programs are at Hullavington Airfield Campus in the UK, while its advanced research and development facilities are in Singapore.
