Cisco Systems, Inc. is an American multinational technology company headquartered in San Jose, California. [Photo: cnr.cn]

US-based internet technology firm Cisco has announced plans to invest more than 10-billion US dollars in China over the coming years.

Cisco chair John Chambers and incoming CEO Chuck Robbins have made the announcement as part of a visit to China.

The MOU signed with the National Development and Reform Commission says the focus of the investment will be research and development.

The agreement also includes working with Chinese universities to develop talent in science and technology.