Japan's Fujitsu Ltd has confirmed that it is "exploring a strategic cooperation" with the Lenovo Group "in the realm of research, development, design and manufacturing of personal computers for the global market."

Through the cooperation, the two companies aim to create a successful model that leverages Fujitsu's global sales, customer support, R&D and manufacturing capabilities together with Lenovo's operational excellence to improve competitiveness in the dynamic global PC market, Fujitsu said.

After transferring its Japan PC business to FCCL, a newly established wholly owned subsidiary of Fujitsu, on February 1, 2016, Fujitsu has been considering various options to ensure the future growth of its PC business, according to the Japanese company. Lenovo, on the other hand, is continuously seeking opportunities to further grow its core business in the global market.

Fujitsu will continue to offer a Fujitsu branded PC portfolio and the related after-sales support to customers and channel partners worldwide, the company said.

The two companies are also in talks with Development Bank of Japan for the bank to provide financial and strategic support, according to Fujitsu.