Lenovo to spend $800M to develop mobile products

Lenovo, best known for its PCs, plans to get into mobile in a big way with an $800 million base in Wuhan, China, dedicated to developing mobile internet products, Mashable reports. The facility, set to open in October 2013 and house thousands of employees, is charged with developing and delivering “new mobile internet products and bring(ing) them to its customers even faster,” according to a company statement. Such products include smartphones, tablet computers and other mobile devices. The move comes as Lenovo continues to build market share in PCs, a tough segment. Last year, Lenovo surpassed Dell in sales to become the world’s number two player in the category next to Hewlett-Packard…

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