Lenovo branches into smartphone, tablet market

BWTH Blog reports.

The company broke ground on Monday at the new facility, in Wuhan, in the Hubei province, which is expected to begin production in October 2013.

Although it was coy on exactly how much of its own cash would be ploughed into the 'Lenovo (Wuhan) Industrial Base', the firm was more than happy to publicise how much it reckons the facility could be worth, The Register writes.

It claimed that, by 2014, total sales revenue from the base will hit 10 billion yuan with the figure rising to 50 billion yuan by 2016, and added that it has the potential to generate 10 000 jobs in the area with several thousand of these focused solely on R&D.

Lenovo said the facility will mainly focus on the R&D, production and global sales of smartphones, tablets and other mobile devices, PC Mag notes.

"As an industry leader, we are aggressively moving forward into the PC Plus era, and with our Mobile Internet Digital Home group actively engaged, we are accelerating development in smartphones, tablets and other mobile Internet terminal markets," Yang Yuanqing, Lenovo Group chairman and CEO, said in a statement.