Samsung Not in HP PC Business Acquisition Race

Samsung on Thursday clarified that the rumours about it being interested in Hewlett-Packard Co.’s PC business do not hold any ground.

It’s been a while now since the market has been flooded with reports of the Korean electronics giant eying HP’s PC business in order to conquer the number one spot in the PC industry. These rumours started spreading last week when HP officially announced that it was planning on "strategic alternatives" for its PC business.

"I would like to definitively state that Samsung Electronics will not acquire Hewlett-Packard's PC Business," Samsung chief executive Choi Gee-sung said in a statement, according to Reuters.

"Hewlett-Packard is the global leader in the PC business, while Samsung is an emerging player in the category. Based on the significant disparity in scale with Samsung's own PC business and lack of synergies, Samsung is not interested in the acquisition," he added.

The fans of Samsung however, mostly those from South Korea, have no doubt been quite disappointed after this rather strong denial that was issued by the company.

Samsung happens to be the biggest memory chips maker in the world, as well as one of the top-most manufacturers of flat screens used in laptops and computers.