Xerox Announces Donation of Palo Alto Research Center (PARC) to SRI International | PARC researchers to continue developing pioneering technologies while Xerox focuses on core print, digital and IT services to support clients’ hybrid workplace needs

TL;DR

Xerox Holdings Corporation (NASDAQ: XRX) announced today the donation of the Palo Alto Research Center (PARC) to SRI International, a nonprofit research institute behind some of the world’s most impactful deep tech advancements. The move enables Xerox to focus entirely on delivering new innovations around its own print, digital and IT service offerings, while allowing the PARC team to join a leading research institution to usher in its next evolution of growth. Since its inception, PARC has pioneered many technology platforms – from the Ethernet and laser printing to the GUI and ubiquitous computing – and has enabled the creation of many industries

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