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. Last Updated: 07/27/2016

Acer, IBM in $8Bln Pact

TAIPEI, Taiwan -- Taiwan's Acer Group and International Business Machines Corp. of the United States on Monday announced a seven-year, $8 billion procurement and technology pact.

Acer, Taiwan's largest computer maker, manufactures IBM personal computers under an existing multibillion-dollar agreement.

Under the new pact, IBM will sell Acer hard disk drives, microelectronics, networking and display technologies, the companies said in a joint statement.