Dyson will spend £100m on a new Bristol technology centre as part of an investment programme totalling £2.75bn over a period of five years.
Sir James Dyson’s vacuum cleaners and home appliances company said that it would hire hundreds of software and AI engineers to work at its centre in order to develop new apps and products. Dyson UK has more than 3,500 engineers in research and development at its sites in London and Malmesbury, Wiltshire.
The company aims to finish the construction of , a Singapore Battery Plant before the end of the year. It will begin producing batteries in Singapore by 2025.
Dyson plans to invest £166 million in a R&D center in the Philippines.
In 2019, the company announced plans to capitalize on its growth in Asia and move its headquarters from Hong Kong to Singapore. The company said that tax benefits were “negligible”, and the decision was “nothing related to Brexit”.
Dyson’s founder, Dyson 76, is now one of the most prominent entrepreneurs in the country after he created the bagless vacuum and built up a consumer products business with revenues exceeding £6 billion.
His net worth of £23 billion made him the second richest person in Britain .
Dyson announced that the next generation Dyson technology will be powered by software, connectivity, artificial intelligence and batteries of proprietary technology. “Like our long-term investment in pioneering digital motor technology, Dyson’s next generation batteries will drive a revolution in the performance of Dyson’s machines.”
The investment by the technology company in the Philippines creates a campus that will house 400 engineers, including more than 50 graduates. The site will begin operations in the first quarter of 2019 and focus on AI, robotics and software development. Dyson stated that the centre will represent one of the biggest investments in technology for the country.