Acer to invest US$1B to develop Internet services

In a move to develop its IT services business, Acer Inc. plans to invest US$1 billion over the next three years to develop infrastructure, including hardware and software, for Internet-based services, the company said Tuesday.

Acer also plans to partner with international telecommunication companies, software vendors and technology companies to develop Internet-related services for companies in Greater China, the company said in a statement. The statement did not specify which companies Acer plans to work with.

By 2004, Acer expects 40 percent of its revenue to come from Internet-based services, including the sale of related IT hardware. That would be a major shift for the company, which derives nearly all its revenue from the sale of IT hardware.

The announcement that Acer is planning to invest in developing infrastructure for Internet-related services comes as the company prepares to officially launch a new business unit that will develop an array of Internet-based software applications. The new business unit is expected to be announced on Thursday, according to Erica Hao, a company spokeswoman.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

More about Acer

Show Comments