HP on Tuesday announced a competition to buy HyperX, the gaming division of Kingston Technology Company. The company announced the acquisition in February this year. The deal is said to be worth $ 425 million.
According to HP, the acquisition will help the company drive growth in its Personal Systems business, as games and peripherals are popular. HyperX’s product portfolio includes Game Peripherals, including headphones, keyboards, mice, mice, USB microphones, and console accessories.
It’s worth noting that HP won’t win Kingston’s storage and memory business.
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Acquisition occurs when the PC segment has experienced a resurgence in growth due to the rules of working from home courtesy of the Covid-19 Pandemic. The demand for online games has also increased. According to HP, the computer hardware industry will grow by $ 70 billion by 2023 and the global Peripheral Gaming market is estimated to be worth $ 12.2 billion by 2024.
According to an IDC report, global shipments of personal computers and laptops strengthened in the first quarter of 2021. Growth occurred despite global chip shortages. The report said computer shipments totaled $ 84 million worldwide in the first quarter of the year. HP came in second with a market share of 22.9%. Lenovo led the market with a total share of 24.3% in the first quarter of 2021.
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