HP Inc. said Wednesday that it has sold the first of four printers for $2.5 million, as it begins a bid to become a global maker of high-end consumer electronics.
The $20 million price tag was slightly less than the $23 million bid from Toshiba Corp. for the printer.
The deal is the first high-tech printer to be sold by the Japanese company, which last year bought a 3D printer in New York City for $1.9 billion.
HP also said that it plans to build a large-scale 3D-printing plant in the United States.
“HP is very much committed to our customers,” said HP spokeswoman Erin Murphy in an email.
“We are making this possible because of the quality and value we offer, and because of our partnership with Toshiba and other leading companies, including Dell Inc. We are delighted to offer the HP 3D printers to our consumers.”
HP has sold more than 3 million printers, which it describes as consumer-oriented.
It is one of the world’s largest manufacturers of 3D printed electronics.
Its high-quality, mass-produced printers can be used to create furniture, office equipment, toys and other products.