Lenovo to Make Some Computers in North Carolina

by Christopher Freeburn | October 3, 2012 1:11 pm

Electronics manufacturing its often thought to be something that has been lost permanently in the U.S. However, recently, a few companies have announced plans to build computers and related devices in America[1].

Chinese computer maker Lenovo (PINK:LNVGY[2]), which acquired IBM‘s (NYSE:IBM[3]) personal computer business in 2005, says it will expand operations at an existing facility in North Carolina to produce laptops, desktops, workstations and servers, the Verge noted.

Leading American computer makers, including Dell (NASDAQ:DELL[4]) Hewlett-Packard (NYSE:HPQ[5]) and Apple (NASDAQ:AAPL[6]) produce their machines overseas.

Updating the North Carolina facility to handle the new production will cost $2 million. Lenovo will hire 115 workers to produce customized devices for local customers.

U.S.-based manufacturing will remain a tiny fraction of the company’s total production, which is mostly done in China and Mexico. Lenovo reported 2011 revenue of $29.6 billion.

Lenovo’s small step toward U.S. production joins Google (NASDAQ:GOOG[7]), which announced back in June that it will build its new Nexus Q media streaming device in the U.S.

  1. build computers and related devices in America: http://www.theverge.com/2012/10/2/3443596/lenovo-thinkpad-thinkcentre-computers-made-in-the-usa
  2. LNVGY: http://studio-5.financialcontent.com/investplace/quote?Symbol=LNVGY
  3. IBM: http://studio-5.financialcontent.com/investplace/quote?Symbol=IBM
  4. DELL: http://studio-5.financialcontent.com/investplace/quote?Symbol=DELL
  5. HPQ: http://studio-5.financialcontent.com/investplace/quote?Symbol=HPQ
  6. AAPL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAPL
  7. GOOG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GOOG

Source URL: https://investorplace.com/2012/10/lenovo-to-make-some-computers-in-north-carolina/
Short URL: http://invstplc.com/1nz0rwQ