Tech major Lenovo on Thursday said it is significantly ramping up its local manufacturing capabilities in India across product categories like PCs, notebooks and smartphones to meet the increasing customer demand. While the company did not disclose the investment being made, Lenovo said it is expanding in India across all business lines, including PC and smart devices, smart phones, infrastructure solutions, and especially in the newly established services and solutions group. Lenovo has expanded its in-house PC manufacturing plant in Puducherry to include a third manufacturing line, while it has started local manufacturing of its tablet computers in partnership with Wingtech Technology in Tirupati, Andhra Pradesh.
China's personal computer giant Lenovo Group on Wednesday announced in Beijing that it had signed an agreement with IBM to take over the latter's personal computer business for $1.25 billion.
The company is already setting up shop elsewhere in Asia in Malaysia, Singapore and the Philippines.
Lenovo Group, the Chinese technology company that earns about 80 percent of its revenue from personal computers, is betting it can also be a challenger to Samsung Electronics Co Ltd and Apple Inc in the smartphone market.
It is Lenovo's second major deal on US soil in a week as the Chinese electronics company angles to get a foothold in major global computing markets. Lenovo last week said it would buy IBM's low-end server business for $2.3 billion.
The company, which sells more phones than Samsung in China, aims to sell 1 million smartphones in India next financial year.
LePad, which is based on the Android 2.2 operating system, was launched in Shanghai with a starting price of 3,499 yuan ($533) against the iPad's $800 price tag. LePad comes in two versions that support Wifi and 3G services.
Chinese tech giant Lenovo unveiled its new 'layered' smartphone - Vibe X2 - priced at Rs 19,999 in India.
The device would be Internet enabled, the comapny said refusing to divulge details of the timeline of the launch.
Chinese computer giant, Lenovo is attempting to take over global information technology giant IBM Corporation's personal computer business operations, media reports said in Beijing on Tuesday.
China's multinationals, powerful as they seem, are still beholden to the Communist Party. That's both a blessing and a burden.
China's Lenovo Group won the crucial security clearance from the United States to acquire IBM's personal computer business, which was opposed by some American lawmakers, the state media reported on Wednesday.
A month after IBM sold off its PC biz to Lenovo Group, its shareholders approved the company's acquisition of IBM's personal-computer division on Thursday.
He has been a long time Blackberry fan and user.
Lenovo Group Ltd said on Tuesday it was establishing a smartphone assembly unit in India.
Pending final approvals, Huawei would become the first big-name Chinese phone maker to manufacture hardware in India's growing market.
Apple Inc and Google Inc's Motorola Mobility unit have agreed to settle all patent litigation between them over smartphones, ending one of the highest-profile lawsuits in technology.
The company is headed for its worst annual profit in three years, under siege as Chinese firms like Xiaomi and Lenovo reel in buyers with full-function touch-screen smartphones that are cheaper.
Suppliers to Apple Inc are scrambling to get enough screens ready for the new iPhone 6 smartphone as the need to redesign a key component disrupted panel production ahead of next month's expected launch, supply chain sources said.
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