Who did HP sell to?

HP is the largest printer manufacturer in the world. After acquiring Samsung's printer division four years ago, it now plans to sell its laser printer business unit to Foxconn. Hewlett-Packard recently signed an agreement with Foxconn to sell its laser printer manufacturing subsidiary in Weihai. Foxconn is expected to acquire the factory to produce products for HP.

Hewlett-Packard (HP) is one of the information technology (IT) companies, founded in 1939. HP is headquartered in Palo Alto, California, USA. HP has three business groups: Information Products Group, Printing and Imaging Systems Group and Enterprise Computer Professional Services Group.