The trend of globalization in the U.S. has led to rising competition by foreign multinational companies in emerging markets. These markets are known as the "BRICs" which are Brazil, Russia, India and most notably China (all of these developing countries are expected to dominate the world economy by 2050). The fastest-growing market in the last past two years was China, with its new multinational firms like Lenovo, which is now the third-largest personal computer company with revenues exceeding the $13 billion, after Dell and Hewlett-Packard, since its IBM computing acquisition in April 2005. On Wednesday, April 25, The Weisman Center for International Business and the Zicklin School presented the Mitsui Lunch-Time Forum, covering Lenovo's current process and challenges of growing globally with James P. Shaughnessy, Senior Vice-President and General Counsel for Lenovo. Mr. Shaughnessy joined the company in July 2005, bringing with him more than 20 years of expertise in the computing industry from working for PeopleSoft, Compaq and Hewlett-Packard to name a few.
Microsoft and PC maker Lenovo said on Wednesday that they will build a joint research and development lab in China, marking the first time that the software maker has built such a facility with another company. The centre will focus on technologies for the China market and concentrate in two areas: mobile devices and on ways to build products on top of Microsoft's software. "Today's announcement signifies another step in Microsoft's continuing efforts to build stronger collaborations with local partners, and foster a flourishing innovation ecosystem in China," Microsoft Chief Research and Strategy Officer Craig Mundie said in a statement yesterday. The announcement comes ahead of Microsoft Chairman Bill Gates' visit to Beijing, where he will address a forum of government leaders on Thursday.
Intel Corp, the world's largest semiconductor maker, unveiled new processors today that boost computer speed and use less electricity, putting pressure on its rival Advanced Micro Devices Inc. Company executives introduced 20 new products, including microprocessors made with the most-advanced production technology, at the Intel Developer Forum in Beijing, Santa Clara, California-based Intel said.
Hewlett-Packard has launched an energy-efficient PC in China, but there's a surprise in the processor that runs it.
Hewlett-Packard Co. on Friday unveiled a new energy efficient desktop computer, the HP Compaq dx2020, which it's begun selling to businesses in China. The computer uses low-power-consuming chips from Taiwan-based Via Technologies Inc. The chops are certified by China's energy rating agency. The new H-P computer signals the growing importance of efficient energy to makers of business and consumer technology, especially in China, which is struggling with criticism that its surging economic expansion is allowing for unchecked damage to the environment.
