Lenovo buys Phoenix Technologies' firmware business

Lenovo Group Limited (HKSE: 992) (ADR: LNVGY) (together with its subsidiary, “Lenovo” or the “Group”) today announced it has completed the acquisition of Phoenix Technologies’ firmware (BIOS) technology business registered in Dublin, Ireland, including its related intellectual property and expertise. The acquisition brings firmware development and additional core software expertise in‑house, enhancing Lenovo’s ability to manage critical firmware across its entire PC portfolio and, over time, across other AI‑enabled devices.“This transaction is a strategic step forward for Lenovo,” said Luca Rossi, President of Intelligent Devices Group, Lenovo. “By bringing firmware development in-house, we are strengthening our core engineering capabilities and gaining greater control over one of the most critical layers of the computing experience. This will enable us to accelerate innovation, enhance security, and deepen our vertical integration, while also unlocking meaningful cost efficiencies. With its strong heritage and leadership in firmware, Phoenix Technologies brings differentiated expertise that will further strengthen our portfolio.”Lenovo and Phoenix Technologies have worked closely together for more than 20 years, with Phoenix Technologies serving as a BIOS vendor for Lenovo’s ThinkPad product line, providing continuous innovation, strong engineering capabilities, and deep partnerships with global silicon vendors. Through this acquisition, Lenovo will build on that longstanding relationship to expand the impact of the acquired technologies and expertise.The transaction has closed after the satisfaction of customary closing conditions. Financial terms of the transaction were not disclosed. About LenovoLenovo is a US$69 billion revenue global technology powerhouse, ranked #196 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world’s largest PC company with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized devices (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, high performance computing and software defined infrastructure), software, solutions, and services. Lenovo’s continued investment in world-changing innovation is building a more equitable, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). To find out more visit https://www.lenovo.com, and read about the latest news via our StoryHub.

This excerpt is published under fair use for community discussion. Read the full article at Lenovo StoryHub.