Lenovo expands further in Brazil
11/18/2013 10:31 AM
11/18/2013 10:32 AM
No. 1 PC maker Lenovo announced Monday that it’s expanding its presence in Brazil by investing $100 million in a research-and-development facility near Sao Paulo.
The facility, while will be located at the University of Campinas Science and Technology Park, will employ about 100 workers initially and has the potential to eventually employ 220 workers. It will focus on enterprise software — that is, software used by corporations — and high-end servers.
Last year Lenovo purchased Brazilian PC maker CCE for $147 million and also invested $30 million in a new factory and distribution center that currently employs 700 workers. Lenovo was the No. 1 PC company in Brazil in its latest fiscal quarter.
Lenovo is based in China but has a headquarters in Morrisville that employs about 2,000 workers.
The company’s worldwide PC shipments have outpaced the industry for 18 consecutive quarters, and for the past two quarters it has been the undisputed market leader. But in the face of a struggling PC market, the company increasingly has been focusing on other devices, including smartphones, smart TVs and tablets.
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