HP to build new computer plant in China

US technology giant Hewlett-Packard announced plans on Thursday to build a manufacturing plant in southwestern China to make notebook and desktop personal computers for the Chinese market. HP, the world's leading computer-maker, said in a statement that it had signed a memorandum of understanding with Chongqing municipality to build a factory in Chongqing in Sichuan province. HP said the plant is expected to begin production in 2010 and would target customers in Chongqing "as well as other parts of China across government, public and retail sectors." Financial terms of the deal were not disclosed. HP opened its first office in China in 1981 and bills itself as the leading foreign manufacturer of personal computers in the country. It already has manufacturing operations in Shanghai. HP quoted the... [read full story]