TechTaffy

tech:

taffy

Lenovo Opens 200,000 Square-Meter R&D Facility In China

By TechTaffy Desk

lenovo

Lenovo has opened a state-of-the-art research, development, sales operations and production facility for smartphone and tablet products. The facility is located in the central China city of Wuhan. The 200,000 square-meter facility has production lines, as well as sales operations and an R&D center.

Yang Yuanqing (Chairman and CEO, Lenovo): The Wuhan facility is an important addition to our global supply chain, but this is much more than just a manufacturing facility. We can respond more quickly to market trends.

In addition to the Wuhan facility, Lenovo manufactures products at its own facilities in Argentina, India, Mexico, Hungary, Brazil, Japan, the U.S. and multiple China locations. The company has opened five new manufacturing sites around the world since 2011, and acquired two other facilities through joint ventures.

[Image courtesy: Lenovo]

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.