IBM is in the process of shutting down its research and development (R&D) departments in China, local media outlets say, becoming the latest American tech giant to scale back its presence in the increasingly restrictive China-based market.
The decision by the Armonk, New York-based tech service provider will affect its more than 1,000 employees across China, local staff told multiple Chinese media outlets, including Jiemian, a news site owned by a Shanghai municipal government.
