(Yicai Global) Oct. 28 -- Japan's second-biggest personal computer maker Fujitsu Ltd. [TYO:6702] confirmed its discussions with Lenovo Group Ltd. [HK:00992] over collaboration in PC design and manufacturing, with Fujitsu to retain its own PC brand.
Fujitsu will team up with Lenovo, the world's largest PC producer, to bolster its brand and business, said Fujitsu president Mr. Tatsuya Tanaka. Fujitsu and Lenovo jointly stated that the two are exploring cooperative models and hope to secure financing from the Development Bank of Japan. Mr. Tanaka disclosed no further details since the two sides are still negotiating.
Rumor holds that Lenovo and Fujitsu will merge their computer businesses, with the former to take a majority stake in the merged company. Japanese PC makers have been divesting from or fleeing the business altogether as growing numbers of users switch to mobile devices. Fujitsu has thus hitherto had trouble finding a partner.
Lenovo said at the Hong Kong Exchanges and Clearing Ltd. on Oct. 27 that its dialog with Fujitsu covers potential strategic collaboration in PC research, development, design and manufacturing for the global market. The two companies have not agreed on any major terms or inked any final agreements at this juncture.