NEWS
ANZ tech market boosted by US $ 1 billion Lenovo investment to advance AI
‘ dynamic ’ ANZ market could be a big
A beneficiary of Lenovo ’ s plans to invest US $ 1 billion over three years in the expansion of infrastructure solutions to accelerate the artificial intelligence ( AI ) deployment for businesses around the world .
This announcement marks Lenovo ’ s largest AI infrastructure investment in history and will expand the company ’ s industryleading AI-ready portfolio of smart devices , infrastructure solutions and services to help accelerate innovation , enabling the use of generative AI and delivering cognitive decisions at scale throughout remote locations across financial , manufacturing , healthcare , retail and smart city applications .
Manu Mehra , MD – ANZ , Lenovo ISG said : “ In the dynamic ANZ market , we recognize the immense potential for AI deployments . Our investments in AI infrastructure are strategically aimed at simplifying complexities amid increasing digitalization . By partnering with ISVs and startups , we aim to bring cutting-edge AI innovations from the lab to scale .
“ This announcement further strengthens our AI portfolio , positioning Lenovo as a trusted partner for businesses . With AI at the Edge industries such as retail , FSI and manufacturing can harness valuable insights . Lenovo is well-equipped to help businesses leverage these opportunities and drive transformative growth in the ANZ market ,” he said .
Siemens announces major investment in Singapore and China manufacturing processes . The investment will create over 400 jobs .
As part of its investment strategy and fastgrowing business in China , Siemens has also confirmed the expansion of its digital factory in Chengdu to serve the local growth opportunities in China for China , investing € 140 million ( RMB 1.1bn ) and creating 400 new jobs .
To meet growing demand in Southeast
Asia , Siemens has confirmed the building of an entirely new high-tech factory in Singapore and the expansion of its digital factory in Chengdu , China .
The Singapore site will be developed using Siemens ’ own leading Digital Twin and innovative , intelligent hardware technologies . Investment in the factory is assessed at around € 200 million with the creation of over 400 jobs .
The plant is pitched as ‘ setting a new standard ’ for connectivity to showcase the possibilities of digitalization , as well as incorporating highly automated
Many of Siemens ’ Chinese customers are early adopters of new technologies especially in digitalization and hightech manufacturing .
Siemens has invested in a new digital R & D Innovation Center in Shenzhen to speed up development of motion control systems with digitalization and power electronics technology . The Siemens Xcelerator open digital business platform was launched in China in November 2022 .
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