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We have reported back in January that NEC and Lenovo have created a joint venture and now the process has been completed with the introduction of “NEC Lenovo Japan.” Lenovo holds a 51% share in the new company, while NEC holds the rest of it. NEC Lenovo Japan, which now brags itself as Japan’s biggest PC maker with about 25% market share, will be developing computers exclusively for that country’s market

The two companies have even hinted that this partnership will be broadened at some point in the future, with NEC President Hideyo Takasu saying the two companies “will continue to discuss and assess new opportunities with this global partnership,” and Lenovo CEO Yang Yuanqing announcing that they are “determined to expand this strategic alliance beyond the PC business.”

China-based Lenovo has reportedly paid NEC $175 million worth of company shares to grab a foothold in Japan.

Source: CrunchGear

 
 

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