Lenovo Goes Shopping in Taiwan
Chinese PC maker Lenovo plans to spend $3.3 billion on equipment in Taiwan during the next 12 months, reports Bloomberg.
The story says it will buy computers, PC peripherals and monitors from nine Taiwan companies including Quanta Computer Inc., Compal Electronics Inc. and AU Optronics Corp. as the two countries work to improve Taiwan’s economy.
The Chinese Academy of Sciences, a state-run research institute, is looking to find a buyer for part of its 65 percent stake in Lenovo’s parent company, Legend Holdings, according to Computerworld. It wants to reduce its stake to about 35 percent.
Meanwhile, there’s some confusion in the blogosphere over whether the PC maker plans to build plants in India and Russia. CFO Huang Weiming said yes in a story Monday in the South China Morning Post, while company spokeswoman Angela Lee said no in a Dow Jones story. The localtechwire story tries to sort all that out.