HP Inc. is an American multinational information technology company with its headquarters in Palo Alto, California, that develops personal computers (PCs), printers and related supplies, as well as 3D printing services.
Founded in 2015 as the successor of the original Hewlett-Packard, HP Inc. is the world's second-largest personal computer vendor by unit sales after Lenovo and ahead of Dell, as of 2024.
[5] Hewlett-Packard was founded in 1939 by Bill Hewlett and David Packard, who both graduated with degrees in electrical engineering from Stanford University in 1935.
The split was structured so that Hewlett-Packard changed its name to HP Inc. and spun off Hewlett Packard Enterprise as a new publicly traded company.
[4][7] In May 2016, HP introduced a new PC gaming sub-brand known as Omen (reusing trademarks associated with VoodooPC), including gaming laptops and desktops (with the latter offering options such as CPU water cooling and Nvidia's GTX 1080 graphics, and promoted as VR-ready), and other accessories (such as monitors) designed to cater to the market.
[13][14] In March 2022, HP announced the acquisition of the California-headquartered communications software and hardware provider Poly Inc. in an all-cash transaction.
HP said the cash amount agreed was $40 per share, which implied a total enterprise value of $3.3bn, inclusive Poly's net debts.
On November 5, 2019, The Wall Street Journal reported that print and digital document company Xerox was contemplating acquiring HP.
In a statement to TechCrunch, HP disclosed a belief that Xerox's bid was being "driven by" activist shareholder Carl Icahn.
[34] The key trends for HP Inc. are (as of the financial year ending October 31):[35][36] HP started involvement in Formula One sponsorship beginning with the 2002 British Grand Prix, replacing Compaq as title sponsor of Williams F1 from 2002 to 2005, during the period when Willams F1 was still using BMW engines as part of a partnership with BMW at the time.
Alongside the branding deal, HP will supply the team with services "ranging from computers, printers and other hardware to conferencing technology.
[51] In 2023, HP was sued over allegations that it intentionally designed its all-in-one printers not to perform scanning or faxing when they were low on ink.
[53] In 2020, the Australian Strategic Policy Institute accused at least 82 major brands, including HP Inc, of being potentially connected to forced Uyghur labor in the Chinese Xinjiang province.
HOP argues these practices force consumers to purchase new cartridges unnecessarily, contributing to waste and environmental harm.