Acer to invest in Chongqing to expand market share
December 23, 2010 Category Uncategorized
Acer will invest USD150 million in Chongqing to build its biggest global IT manufacturing center and set up its second base in the mainland. “Within three years, China will surpass the U.S. to become the world’s biggest computer market,” said Acer Chief Executive Officer Gianfranco Lanci. “Our growth rate in the notebook sector in China is about 20% to 25% year-on-year,” Lanci said. According to market research firm IDC, Taiwan-based Acer ranked sixth in the mainland, with a second quarter market share of 3.6%, while market leader Lenovo had 28.7%. “In the short term, it is very hard for Acer to outperform Lenovo and Dell in the mainland market,” said Wang Jiping, Research Manager at IDC China. “Its rivals are Taiwan-based Asus, which accounts for 5% of the market share, and HP, which has 8.2%.” Wang said China’s PC output will surpass the United States by 2013. Acer said 90% of its Chongqing manufacturing center’s output of more than 40 million units will be exported.
- KURT VANDEPUTTE (UMICORE) APPOINTED CHAIRMAN OF THE BOARD OF THE FLANDERS-CHINA CHAMBER OF COMMERCE (FCCC)
- Webinar: “Knowing Your Chinese Partner” – May 26, 2021, 10 am – 12 am
- EMA starts rolling review of CoronaVac, WHO approves Sinopharm vaccine for emergency use
- The Global Times warns not to politicize the Comprehensive Agreement on Investment (CAI)
- Hainan to become biggest duty-free market in the world