Hewlett-Packard $4.5 billion joint venture with Tsinghua University

1/5/2015
Joint venture

$ 4.5 billion

Announced

1/5/2015


Overview:

  • Hewlett-Packard (HP) has formed a strategic partnership with Tsinghua University to establish a joint venture in mainland China.
  • Tsinghua's subsidiary, Unisplendour, purchased a 51% stake of HP's server business based in Mainland China, for $2.3 billion. The partnership is creating a new business called H3C Technologies worth $4.5 billion to become a leader in the computer servers, storage and technology services business in China. 
  • HP, one of the largest producers of personal computers, has been seeking to reorganise its firm to cope with the trend moving from traditional PCs to mobile devices. 

Hanna Rae Choi - Researcher 

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