Japanese electronics manufacturer Fujitsu is considering selling its personal computer business to the world's biggest PC maker, China's Lenovo Group, news reports said Thursday.
The two companies aim to reach a deal later this month, with 2,000 Fujitsu employees likely to move to Lenovo, the Nikkei business daily reported without citing any sources.
Fujitsu might transfer its computer design, development and manufacturing operations to a Lenovo-led joint venture, the Nikkei said. Another proposal would involve the Chinese PC maker taking a majority stake in Fujitsu’s PC unit, according to the report.
Fujitsu's PC business apparently lost more than 10 billion yen (96.5 million dollars) in the previous financial year through March amid fierce competition from rivals in China and Taiwan, the daily said.
As more consumers also turn to smartphones and tablets, overall PC sales in Japan have declined in recent years.
Fujitsu seeks to focus on IT services and other businesses while spinning off its PC business, according to the report.
The company said in a statement that it was considering various options, but that no decision has been made yet.
Friday, November 4, 2016 - 11:42