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December 26, 2004
Chinese PC maker relocates to New York
In the final step of its globalization makeover, Chinese PC maker Lenovo Group is relocating its corporate HQ to Armonk, New York (IBM's hometown). Moreover, the company will "essentially hand over management of what will become the world's third-largest computer maker, after Dell and Hewlett-Packard, to a group of senior IBM executives." It's a bit of irony for anyone concerned about the loss of jobs overseas: "American multinational companies outsource manufacturing to China. Why can't a Chinese company outsource management to the United States?"
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