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Fujitsu, the Tokyo-based global tech giant, is stepping up its cloud-computing investment. The company's President Masami Yamamoto said during a press conference late last week that Fujitsu will spend 100bn yen (about US$1.1bn) on capital investment and research and development related to its cloud-computing business in fiscal 2010, Kyodo News International reported.

The figure represents 25 percent of the total capital expenditures Fujitsu plans for the year.

"This is because the center of profit growth in the mid- and long-term lies in cloud computing," Yamamoto was quoted as saying.

The investment includes training or hiring about 5,000 cloud computing experts and creating a Microsoft announced that Fujitsu had become one of the early adopters of its Windows Azure appliance platform for private-cloud deployments.