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Last updated: September 12th, 2016 at 11:28 UTC+02:00
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Samsung reportedly decided to sell its printing business due to tough competition from rivals like Canon, Epson and obviously HP. It decided to get out of this business to focus more on its smartphone, memory chip and TV business. HP will get 6,000 new employees once the deal is closed by the second half of next year. Almost 2,000 of them are research and development engineers while 1,000 are sales and support staff. The rest work in manufacturing and service. This deal will immediately give HP a big presence in Asia's printing market aside from Samsung's laser printing technology and its over 6,500 printing technology patents.
Adnan Farooqui is a long-term writer at SamMobile. Based in Pakistan, his interests include technology, finance, Swiss watches and Formula 1. His tendency to write long posts betrays his inclination to being a man of few words.
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