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Thursday, 19 April 2012 - HP to build printer factory in China: report |
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See the best of Reuters photography.  See more | Photo caption  The Olympians Athletes around the world train for the upcoming London 2012 Olympics.  Slideshow  Facing eviction Spanish families face eviction after being unable to pay their mortgages.   Slideshow  HP to build printer factory in China: report Tweet Share this Email Print Related News Insight: China wrestles Mao's ghost after official's divisive fall Mon, Apr 2 2012 Apple, Foxconn set new standard for Chinese workers Fri, Mar 30 2012 Apple, Foxconn revamp China work conditions Thu, Mar 29 2012 HP creates PC-printing power, Wall Street waits and sees Wed, Mar 21 2012 Wall Street mostly slips, but tech keeps S&P near 4-year highs Wed, Mar 21 2012 Analysis & Opinion Sweat-free iPads come at a price worth paying Jaguar far from becoming China’s next top model Related Topics Tech » A view of the Hewlett Packard headquarters in Palo Alto, California November 23, 2009. Credit: Reuters/Robert Galbraith SHANGHAI | Wed Apr 18, 2012 11:21pm EDT SHANGHAI (Reuters) - Hewlett Packard Co, the largest U.S. technology company by revenue, agreed to build a printer factory in the southwestern Chinese city of Chongqing, China Daily reported. HP has no plans to reduce its workforce in China after the firm said last month it will merge its printer and PC businesses, its largest divisions, to jumpstart growth, Chief Executive Officer Meg Whitman told the state-owned newspaper in an interview. While HP still leads the global market in PC sales, growth in that division has been dwindling as mobile usage takes off. The company, which has also seen its share in the China market decline, will place greater emphasis on winning back a large percentage by investing in PCs and printers and rebuilding its brand, Whitman was quoted as saying. 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Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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