Lenovo has announced that it plans to hire 12,000 R&D professionals over the next three years to support research and development in the company’s “client-edge-cloud-network-intelligence” IT architecture.
The new hires come on top of the roughly 5,000 hires the company made in the past fiscal year, the company said.
Some of the specific roles of these new hires, according to the Chinese PC maker, will include developing new products and business models, incubating technologies from edge computing into technology that can help companies “take advantage of the metaverse, and emerging and disruptive innovation such as next-generation AI and heterogeneous computing”.
Chairman and CEO Yuanqing Yang explained the plans as the company enters its new fiscal year. He said R&D remains a priority for Lenovo and took the opportunity to reiterate the company’s commitment to double its R&D spending over the next three years.
“Our investment plan will focus on the ‘Client-Edge-Cloud-Network-Intelligence’ architecture, with a three-pronged approach to focus on short, medium and long-term payback,” he said.
“Our intent is to optimize between fast return-to-market technology and fundamental research, and between continuous improvement and breakthrough innovation.”
In addition to its R&D commitments, Lenovo announced its goal to be net zero by 2050. The company claims it has exceeded its 2020 emissions reduction targets a year ahead of schedule and has already set science-backed targets for 2030.
During its Q3 results, Lenovo reported that the tailwind of cloud, digital transformation and hybrid work has delivered the company its sixth straight quarter of net revenue by more than 50%, earning $640 million during the period.
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