TOKYO - China's Lenovo Group Ltd. and Fujitsu Ltd. are in talks to form a strategic partnership in the personal computer business, as the Japanese electronics maker aims to stay competitive in a shrinking market, the two companies said Thursday.
Lenovo -- the world's biggest PC maker -- and major Japanese PC manufacturer Fujitsu said they were considering joining forces in the research and development, design and manufacturing of PCs for global markets.
The two companies added they were also in talks with the Development Bank of Japan for financial and other support.
In Japan, Lenovo has a joint venture with NEC Corp. a dominant player in the domestic PC market.
PC makers are facing tough times amid intense competition with companies selling smartphone and tablet devices. Chinese and other foreign players have also been making inroads into the Japanese market.
The move comes after the breakdown in talks about forming a trilateral merger of PC operations of Fujitsu, Toshiba Corp., which was stung by an accounting scandal, and Vaio Corp., a spinoff from Sony Corp.
source: www.abs-cbnnews.com
