Friday, September 19, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sony Develops SmartEyeglass, Launches SDK
NVIDIA Unveils Full Power of Maxwell GPU Architecture With GeForce GTX 980, 970 Graphics Cards
Oracle's Ellison Steps Down
Qualcomm Announces Vuforia for Digital Eyewear, LTE Broadcast SDK, Demos Upcoming 810 SoC
Dropbox, Google, Open Technology Fund, Security Researchers Announce Simply Secure
Apple And U2 To Develop New Digital Music Format
AT&T Launches High-speed U-verse Service for Businesses
AMD Moves Closer To The Introduction Of Project FreeSync Monitors
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 Home > News > Mobiles > Lenovo ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, March 29, 2013
Lenovo Rumored To Take Over NEC's Mobile Phone Business


NEC has been reportedly in talks to sell its mobile phone unit Lenovo Group Ltd , a Reuters' source said on Friday.

"Amid the rapidly changing market we are considering a number of ways to bolster the competitiveness of our mobile phone business, but nothing has been decided," NEC said in a statement through the Tokyo Stock Exchange on Friday in response to the media reports.

NEC is facing strong competition by Samsung and Apple. The company has reported two years of losses and is shedding assets to bolster profitability.

Last October, NEC cut its mobile phone sales target for the year ending March to 4.3 million from a previous estimate of 5 million units.

Lenovo, which is already NEC's personal computer venture partner, has been also rumored to consider buying Blackberry in the past.

Reuters' sources added that NEC is also in talks with potential domestic buyers.

In related news, Lenovo is considering getting into into the chip design business with a focus on smartphones and tablets, EE Times reported today.

The company plans to expand its IC design team to about 100 engineers by the middle of this year, according to a China-based industry source with direct knowledge of Lenovo?s recruitment of chip designers.

This initiative appears to be driven by the company?s desire to control its own destiny in smartphones and tablets.


Previous
Next
Gibson Guitar to Buy TEAC        All News        Facebook Teases With Android-related Product Announcement
Toshiba to Launch Full-HD, 1.12 Micrometer, CMOS Image Sensor For Mobiles     Mobiles News      Facebook Teases With Android-related Product Announcement

Get RSS feed Easy Print E-Mail this Message

Related News
Lenovo At IFA 2014
Lenovo Unveils New Lenovo Tablet and Gaming PC at IFA
Lenovo Expands Its ThinkCentre Range with Affordable Desktop PCs
U.S. Regulators Clear Sale Of IBM's Server Business to Lenovo
Lenovo Releases The 6-inch QHD Vibe Z2 Pro
Vuzix And Lenovo Launch M100 Smart Glasses Product
Lenovo Says It remains Committed To Windows Tablets in the U.S.
New Lenovo IdeaPad Y50 UHD Shipped With 4K Display
Samsung, Intel, Dell, Boradcom Team Up On Standards For Internet of Things
China Clears IBM, Lenovo Server Deal
Lenovo To Offer Visualization Technology Solution for Exploration Geophysics
Lenovo K920 Released With 6-inch Quad HD Screen

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .