‘We will be part of the future’: IBM in talks to build commercial printer
IBM is in talks with Chinese state-owned Commercial Printing Technology Corp to build a commercial printer for the Chinese market, the company said on Monday.
Commercial Printing Technology, a Chinese company with operations in China, has already made commercial printers in China and has a market share of around 2% of the global market for commercial printers.
However, it is not yet clear if it will be able to get a foothold in the United States, the world’s biggest market for printers.
IBM is also exploring a partnership with HP, which manufactures commercial printers, the Wall Street Journal reported on Monday, citing people familiar with the matter.
The announcement comes as China and other countries, including the United Kingdom and Germany, push for greater openness and innovation, with some in Beijing also pushing for a more open internet.
China has been a pioneer in using cheap, high-quality printed material, often made from plastics and metals, in its factories and offices.
The process is now widely used to produce items like smartphones and laptops.
But the country has struggled to gain acceptance among the international community as it moves toward a modernized, more connected economy, where internet access is often restricted and consumer electronics are more expensive.
China, which is struggling to modernize and modernize itself, has been working to develop its own digital products and services, but has yet to find the right partner to take advantage of the advances.