Fujitsu has confirmed it is considering selling its PC business to Lenovo, just as Gartner released yet more gloomy data on the market.
The Japanese vendor issued a statement this morning confirming it is "considering various possibilities" for its PC business, "including what is being reported".
Earlier, Fujitsu's share price had spiked seven per cent on Japanese reports referencing a possible deal with Lenovo.
According to the Nikkei Asian Review, the duo aim to reach a deal this month, with one proposal involving Fujitsu transferring its PC assets to a Lenovo-led joint venture.
Fujitsu split off its PC business in February. At the time, a three-way merger with Toshiba's PC business and Sony's former brand Vaio was touted, but these talks apparently broke down.
The latest development comes as market watcher Gartner issued another gloomy prognosis for the traditional PC market.
Shipments of traditional desk-based and notebook PCs are forecast to slump another 11 per cent in 2016 to 216 million units, before contracting another five in 2017 and three per cent in 2018.
According to rival analyst IDC, Fujitsu was the seventh-largest PC vendor in EMEA by shipments in Q2.
Lenovo, which is battling it out for the global PC top spot with HP, is no stranger to big acquisitions in the space, having acquired IBM's ThinkPad business in 2005 and the PC business unit of NEC in 2011.
Gartner's latest figures forecast a decline in the overall devices market this year, with premium ultramobiles - such as Microsoft's Windows 10 Intel x86 products and Apple's MacBook Air - one of the few bright spots.
Dutch-headquartered titan snaps up 3M Cogent Inc
UK and Nordic operations to be fully integrated in the new year
Flash is flying but HDD is plummeting fast
Worldwide Partner Conference rebranded