Lenovo to invest U.S. $ 800 million in China

GadgetFan - the third largest computer manufacturer in the world has invested ivestasinya in China amounted to U.S. $ 800 million to build research and development center Smartphone. This is done to keep the Lenovo remain competitive in the mobile market.

Yesterday (05/07/12), Lenovo Group and Wuhan government held a groundbreaking ceremony for the establishment of lenovo industrial base in the region are said to be ready to operate Wuhan in October 2013. New facilities built by Lenovo is intended as a place to develop and optimize mobile internet global supply chain.

Lenovo Group Chairman and CEO Yang Yuanqing explained that "the company is currently focusing sharpen its product line in a new era of computing, and we are aggressively moving forward into the era of PC Plus, as well as accelerate the development of smartphones, tablet PCs and other mobile Internet market."

Lenovo estimates that, in 2014, their total sales revenue reached U.S. $ $ 1.6 billion and they are optimistic in the past five years that number will increase to U.S. $ 7.9 billion.

Currently Lenovo has managed to become one of the three manufacturers of smart phones in China and ranked second for the tablet PC market. Lenovo party believes that what is done in Wuhan will help create 10 000 new jobs in the coming year.