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By the summer of 1993, the IBM PC Co. had divided into multiple business units itself, including Ambra Computer Corporation and the IBM Power Personal Systems Group, the former an attempt to design and market "clone" computers of IBM's own architecture and the latter responsible for IBM's PowerPC-based workstations.
The interesting part about Lenovo buying IBM's PC business that hasn't gotten much attention is that Lenovo, which is based in China, is turning over much of the management of the company to a ...
Lenovo's acquisition of IBM's personal computer division accelerated access to foreign markets while improving Lenovo's branding and technology. [26] Lenovo paid US$1.25 billion for IBM's computer business and assumed an additional US$500 million of IBM's debt. This acquisition made Lenovo the third-largest computer maker worldwide by volume. [27]
April 2012 – IBM sells its Retail Store Solutions division (Point-of-Sales) to Toshiba TEC [222] January 2014 – IBM sells its IBM System x business to Lenovo for $2.3 billion. [223] October 2014 – IBM sells its Microelectronics (semiconductor) branch to GlobalFoundries. IBM will pay GlobalFoundries $1.5 billion over 3 years to take over ...
It has taken a long time, but Lenovo and IBM may be about to finally strike a bargain for IBM's x86 server business. Lenovo has openly acknowledged its interest in this business, but the companies ...
The world's largest PC manufacturer, Chinese technology company Lenovo , will pay $2 billion in cash and $300 million in stock to acquire IBM's x86 low-end server business, also known as System X.
Formerly an IBM brand, Lenovo acquired the ThinkCentre desktop brand following its purchase of IBM's Personal Computing Division (PCD) in 2005. Following its acquisition of IBM's PCD, Lenovo has released M-series desktops in multiple form factors, ranging from traditional tower, small form factor, to ultra small form factor, and all-in-ones (AIOs).
Cancan Chu/Getty Images By Paul Carsten and Soham Chatterjee BEIJING -- Chinese PC maker Lenovo Group Ltd agreed to buy IBM's low-end server business for $2.3 billion in what is set to be China's ...