China's top PC manufacturer, Lenovo, has invested 5 billion yuan to set up Lenovo Industrial Base, a facility that will mainly focus on research, development and production of web-enabled mobile devices.
According to the company's press release on Monday, the new site in Wuhan, China will include integrated facilities for R&D, production and sales of mobile devices such as smartphones and tablets, and will begin operations in October 2013. The investment — equivalent to $789.9m or £489m — will be spread over the next five years, it added.
"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, chairman and CEO of Lenovo, said in a statement.
For more on this ZDNet UK-selected story, see Lenovo sets sights on mobile future on ZDNet Asia.
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