Lenovo Group Restricted (HKSE: 992) (ADR: LNVGY) (along with its subsidiary, “Lenovo” or the “Group”) at the moment introduced it has accomplished the acquisition of Phoenix Applied sciences’ firmware (BIOS) expertise enterprise registered in Dublin, Eire, together with its associated mental property and experience. The acquisition brings firmware improvement and extra core software program experience in‑home, enhancing Lenovo’s capability to handle vital firmware throughout its complete PC portfolio and, over time, throughout different AI‑enabled units.
“This transaction is a strategic step ahead for Lenovo,” stated Luca Rossi, President of Clever Units Group, Lenovo. “By bringing firmware improvement in-house, we’re strengthening our core engineering capabilities and gaining better management over probably the most vital layers of the computing expertise. This can allow us to speed up innovation, improve safety, and deepen our vertical integration, whereas additionally unlocking significant price efficiencies. With its sturdy heritage and management in firmware, Phoenix Applied sciences brings differentiated experience that can additional strengthen our portfolio.”
Lenovo and Phoenix Applied sciences have labored carefully collectively for greater than 20 years, with Phoenix Applied sciences serving as a BIOS vendor for Lenovo’s ThinkPad product line, offering steady innovation, sturdy engineering capabilities, and deep partnerships with international silicon distributors. By means of this acquisition, Lenovo will construct on that longstanding relationship to increase the impression of the acquired applied sciences and experience.
The transaction has closed after the satisfaction of customary closing circumstances. Monetary phrases of the transaction weren’t disclosed.
About Lenovo
Lenovo is a US$69 billion income international expertise powerhouse, ranked #196 within the Fortune World 500, and serving thousands and thousands of consumers day by day in 180 markets. Targeted on a daring imaginative and prescient to ship Smarter Know-how for All, Lenovo has constructed on its success because the world’s largest PC firm with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized units (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, excessive efficiency computing and software program outlined infrastructure), software program, options, and companies. Lenovo’s continued funding in world-changing innovation is constructing a extra equitable, reliable, and smarter future for everybody, all over the place. Lenovo is listed on the Hong Kong inventory alternate beneath Lenovo Group Restricted (HKSE: 992) (ADR: LNVGY). To search out out extra go to https://www.lenovo.com, and skim concerning the newest information through our StoryHub.
