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Fujitsu plans to sell PC business to Lenovo
Japanese IT company Fujitsu Ltd. revealed plans to sell its PC business to Chinese tech giant Lenovo Group Ltd. on Thursday in a bid to improve profits.
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Fujitsu stand at Smau, international exhibition of information communications technology, on Oct. 22, 2014 in Milan, Italy. (Shutterstock.com/Tinxi)
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span style="line-height: 1.6em;">Japanese IT company Fujitsu Ltd. revealed plans to sell its PC business to Chinese tech giant Lenovo Group Ltd. on Thursday in a bid to improve profits.
As reported by The Wall Street Journal, Fujitsu said in an official statement, “We are considering various options for the PC unit, including a possible deal with Lenovo.”
Amid increasing popularity of smartphones and tablets among netizens, global PC shipments are estimated to shrink even more this year by up to 30 percent from five years prior, according to IDC.
(Read also: Lenovo aims to be number one in PC, server markets)
Prior to leaning to Lenovo, Fujitsu previously worked on a merger with Toshiba's Dynabook unit and Sony's former PC arm, Vaio Corp., but the attempt was unsuccessful.
Lenovo is currently dominating global PC shipments in the second quarter with 21.1 percent, followed by HP Inc. with 20.7 percent. Based on IDC data, Fujitsu is in ninth place with a share of only 1.1 percent.
The Chinese company acquired IBM's PC business, along with its ThinkPad brand, back in 2005, as well as NEC Corp. in 2011. (kes)
