Lenovo or the Lenovo Group is a Chinese maker of PCs. The company is also the largest computer manufacturer in China since 2004 and the No. 8 in the world. Besides PCs are also servers, handheld computers, cameras and mobile phones made. The company also provides IT services and Internet access to Chinese consumers.
In December 2004 IBM announced that its PC division to Lenovo would sell. What a confused reaction caused as the IBM PC in 1981 was magnified. The IBM Compatible conquered the world, because other companies licensed these PCs could make. IBM gave the reason that making PCs no strategic objective of the company was more. With the deal was about $ 2 billion.
On March 9, 2005 was agreed by the U.S. Committee on Foreign Investment in the U.S. (CFIUS) approved. Upon completion of the acquisition, Lenovo is the world’s No. 3 computer manufacturer.