Lenovo Ships 1 Million Units from its 1st European In-House Manufacturing Facility

FILE PHOTO: The Lenovo logo is seen in this illustration photo taken on Jan. 22, 2018. REUTERS/Thomas White/Illustration/File Photo
FILE PHOTO: The Lenovo logo is seen in this illustration photo taken on Jan. 22, 2018. REUTERS/Thomas White/Illustration/File Photo
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Lenovo Ships 1 Million Units from its 1st European In-House Manufacturing Facility

FILE PHOTO: The Lenovo logo is seen in this illustration photo taken on Jan. 22, 2018. REUTERS/Thomas White/Illustration/File Photo
FILE PHOTO: The Lenovo logo is seen in this illustration photo taken on Jan. 22, 2018. REUTERS/Thomas White/Illustration/File Photo

Lenovo has reached the milestone of manufacturing and shipping one million workstations and servers from its first purpose built in-house manufacturing facility in Europe, just over one year after it opened its doors in Budapest.

After 10 months of construction during the pandemic, the facility opened in June 2022 to support customers throughout Europe, the Middle East, and Africa (EMEA) with their requirements for server infrastructure, storage systems and high-end PC workstations.

As of June 2023, the facility has provided solutions to more than 1,000 customers in 69 countries and seen the scale and speed of operations accelerate over the past year. Over 180 customers have visited the site, enabling deeper collaboration, transparency and understanding with Lenovo customers across the EMEA region.

“Opening the Hungary facility was an important milestone for Lenovo, extending our international manufacturing operations and representing significant economic potential for both the private and public sectors in the country,” said Szabolcs Zolyomi, Factory Site Leader at Lenovo.

“The achievement of shipping one million units is testament to the past year of internal and external collaboration with our employees and customers. We have been able to respond to customer needs more effectively, with greater efficiency and control over product development and supply chain operations, all while continuing our commitment to sustainability and supporting the local community.”



India to Offer $4-$5 Bln in Incentives for Electronics Production, Weaning Off China

A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole
A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole
TT

India to Offer $4-$5 Bln in Incentives for Electronics Production, Weaning Off China

A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole
A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole

India will offer up to $5 billion in incentives to companies to make components locally for gadgets from mobiles to laptops, two government officials said, in a bid to bolster the burgeoning industry and wean off supplies from China.
India's electronic production has more than doubled in the last six years to $115 billion in 2024, led by growth in mobile manufacturing by global firms such as Apple and Samsung. It is now the world's fourth-largest smart phone supplier.
But the sector faces criticism for its heavy reliance on imported components from countries such as China.
"The new scheme will incentivize production of key components like printed circuit boards that will improve domestic value addition and deepen local supply chains for a range of electronics," one of the two officials said.
The incentives are likely to be offered under a new scheme expected to be launched in two to three months, said the officials, who asked not to be identified as details of the scheme are not yet public.
The scheme is likely to offer incentives totaling between $4-$5 billion to global or local firms which qualify, Reuters reported.
The plan, designed by the India's electronics ministry, has identified components eligible for incentives and is in its final stages.
The finance ministry will approve the scheme's final allocation soon, the first official added, with the sources expecting it to be launched in the next 2-3 months.
India's electronics ministry and finance ministry did not immediately respond to requests for comment.
India is aiming to expand its electronics manufacturing to $500 billion by the fiscal year 2030, including production of components worth $150 billion, according to the government's top policy think tank Niti Aayog.
India imported electronics, telecoms gear, and electrical products worth $89.8 billion in the fiscal year 2024, with more than half sourced from China and Hong Kong, according to an analysis by private think tank GTRI.
"This scheme is coming at a time when it is critical to promote component manufacturing that will help us aim for a global-scale of electronics production," Pankaj Mohindroo, head of India's Cellular and Electronics Association, said.