Lenovo betting big on new mobile-centric plant
updated 07:55 pm EDT, Tue May 8, 2012
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Lenovo has of late been increasing its focus on smartphones and tablets, and now the company is backing up its move into the mobile device sector. On Monday, London's Financial Times reports, Lenovo announced that it had begun construction on a major new facility for smartphone and tablet development. The facility, to be built in the Chinese city of Wuhan, will cost around five billion renminbi ($790 million) to complete, and is expected to go online in late 2013.
The facility will house research and development, production, and sales operations for Lenovo's tablet and smartphone projects. Lenovo expects sales revenue generated by the facilities to reach about $1.5 billion by 2014, and $7.9 billion within the next five years.
Lenovo's K800, the company's first Android-powered smartphone, is expected to debut later this year. In addition to being Lenovo's first Android handset, the K800 will be among the first smartphones to hit the market bearing an Intel processor inside. Electronista's time with the phone revealed a competent offering and generally impressive experience. One disappointing aspect of the K800, though, was that the phone was running Android 2.3 at the time that we handled it, though it is unknown whether Lenovo has upgraded the handset to Android 4.0. [via The Financial Times]
