Lenovo Quadruples R&D Investments, Hires 12,000 New R&D Staff

Lenovo is building on its recent commitment to double investment in research and development (R&D). The vendor has announced that it will employ 12,000 R&D specialists globally over the next three years, as well as setting a goal to reach net-zero emissions by 2050.

Chairman and CEO Yuanqing Yang laid out Lenovo’s bold vision for the year ahead at the business’s annual corporate kick-off to celebrate the start of the company’s financial year. As Lenovo continues its transformation from a devices business to a worldwide technology powerhouse that also encompasses services and solutions, it has increased its commitment to innovation, which is backed by Environmental, Social, Governance (ESG) commitments.

In fiscal year 22/23, Lenovo’s R&D remains a top emphasis. To support research throughout the new IT architecture of ‘Client-Edge-Cloud-Network-Intelligence,’ R&D spending will be quadrupled, with 12,000 additional R&D personnel employed over the next three years, on top of the 5,000 brought in during fiscal FY21/22.

“My vision for Lenovo’s innovation is to become one of the world’s leading ICT companies, a pioneer and enabler of intelligent transformation,” said Yuanqing Yang, Chairman and CEO at Lenovo. “Our investment plan will center around the ‘Client-Edge-Cloud-Network-Intelligence’ architecture, with a three-track approach to focus on short-, medium- and long-term payback. Our intention is to optimize between technology with quick market returns and foundational research, and between continuous improvement and breakthrough innovation.”

New and Evolving IT Architecture

Photo Yuanqing Yang, Chairman and CEO at Lenovo
“My vision for Lenovo’s innovation is to become one of the world’s leading ICT companies, a pioneer and enabler of intelligent transformation,” said Yuanqing Yang, Chairman and CEO at Lenovo.

The new and evolving IT architecture will be the focus of R&D activities. Teams will work on new product and business model development, as well as incubating technologies ranging from edge computing to technology that will help businesses capitalize on the metaverse, as well as emerging and disruptive innovation such as next-generation AI and heterogeneous computing to help them prepare for the future. All with the goal of assisting organizations of all sizes in leveraging new and upcoming technologies such as the metaverse.

Lenovo highlighted its objective to reach net-zero by 2050 alongside its R&D commitments, and Lenovo is collaborating with the Science Based Target Initiative to set goals that support this vision. For the past 14 years, the firm has reported on its ESG commitments, including its activities and ambitions in climate change mitigation, the circular economy, and sustainable materials. Lenovo surpassed its 2020 carbon reduction targets a year ahead of schedule in 2020, and it has already set science-based targets for 2030.

Yuanqing Yang has pledged to positively influence 15 million lives through charity activities and collaborations by 2025, in addition to the net-zero ambition. The company’s charitable aim is to empower disadvantaged populations with access to technology and STEM education, resulting in better technology for everybody.

Lenovo is much more than business growth and financial success,” added Yuanqing Yang. “We are innovators who are committed to helping solve humanity’s greatest challenges. Smarter powers what’s next.”