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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.
Lenovo's purchase of the Think line from IBM also led to the creation of the IBM/Lenovo partnership, which works together in the creation of Think-line of products sold by Lenovo. On the purchase of IBM's personal computer division, Chuanzhi said in 2012: "We benefited in three ways from the IBM acquisition.
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 ...
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.
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 ...
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 ...
ThinkPad is a line of business-oriented laptop and tablet computers produced since 1992. The early models were designed, created and manufactured by International Business Machines (IBM) until it sold its PC business to Lenovo in 2005; since 2007, all new ThinkPad models have been branded Lenovo instead [5] and the Chinese manufacturer has continued to develop and sell ThinkPads to the present ...
International Business Machines burst into the growing personal computer field Wednesday by announcing a new system that will be sold through IBM's own stores, ComputerLand dealers, and ...