Microsoft to Buy $700 Million of Chinese Hardware
Microsoft Corp. signed a deal with China on Wednesday to purchase $700 million of Chinese electronic hardware over the next five years, the latest move by the software giant in the fast-growing mainland market. When Bill Gates and Chinese President Hu Jintao got together we found China banning (news story) the sale of personal computers without software and a week later we have Microsoft buying $700 million in Chinese hardware. So, Bill Gates gets Windows on all Lenovo PC’s made in China and Hu Jintao gets mad sales of his countries hardware. All about the fair trade!
The signing of the memorandum of understanding comes just days after Microsoft and China’s Lenovo Group Ltd. <0992.HK> formally signed an agreement to pre-install the Windows operating system on Lenovo’s computers made in China. The agreement was a big step in China’s efforts to combat piracy and is expected to result in $1.2 billion in sales of Microsoft’s Windows operating system software over the next 12 months, said Lenovo, the mainland’s largest PC firm.
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