Lenovo Reaches Beyond PCs
Personal-computer maker Lenovo Group Ltd. said Monday that it plans to spend about $800 million on a new base to house the development, production and sale of mobile products as the Chinese company tries to expand beyond its core PC business.
Lenovo, the world’s second-largest PC maker, said in a written statement on Monday that the five-billion-yuan facility, in the central Chinese city of Wuhan, will have several thousand employees, mainly focused on smartphones, tablet computers and other mobile devices for China and global markets.
