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 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 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 has focused on other devices, including smartphones, smart TVs and tablets.
Last week Lenovo reported a 36 percent jump in quarterly profit. The company’s mobile Internet and digital home products, which include smartphones, smart TVs and tablets, accounted for 15 percent of total revenue compared with 8 percent a year ago. Revenue rose 13 percent to $9.8 billion in the fiscal second quarter that ended Sept. 30.
Staff writer David Ranii