21 Jan '11, 2am

NEC, Lenovo in talks on joint venture

NEC, Lenovo in talks on joint venture

TOKYO: Leading Japanese and Chinese electronics firms NEC Corp. and Lenovo Group are in the final stages of talks to form a joint venture in the personal computer business, a report said Friday. A likely scenario would see Lenovo taking a majority stake in NEC Personal Products Ltd., a wholly owned NEC unit that makes and sells PCs, the Nikkei business daily said. The leaders in their respective domestic PC markets aim to boost their competitiveness through economies of scale by combining development, production and materials procurement, it said. They could also decide to work together in other areas such as information technology equipment and services, the Nikkei said. NEC controlled about 18 per cent of the Japanese PC market in 2009, but globally it came in 12th with a share of less than one per cent, the Nikkei said, citing data by IDC intelligence firm. Lenovo had r...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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