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Lenovo is a Chinese multinational technology company specializing in designing, manufacturing, and marketing consumer electronics, personal computers, software, business solutions, and related services. Products manufactured by the company include desktop computers, laptops, tablet computers, smartphones.
Moreover, workstations, servers, supercomputers, electronic storage devices, IT management software, and smart televisions are also products of the brand. Its best-known brands include IBM’s ThinkPad business line of laptop computers, the IdeaPad, Yoga, Legion consumer lines of laptop computers. It also includes the IdeaCentre and ThinkCentre lines of desktop computers. It is also worth noting that as of January 2021, Lenovo is the world’s largest personal computer vendor by unit sales.
History
Lenovo was founded in Beijing on 1 November 1984 as Legend by a team of engineers from the Chinese Academy of Sciences. Initially specializing in televisions, the company migrated towards manufacturing and marketing computers. Further, the brand grew to become the market leader in China. In addition, it raised nearly US$30 million in an initial public offering in the Hong Kong Stock Exchange. Since the 1990s, Lenovo has also increasingly diversified from the personal computer market and made several corporate acquisitions. The most notable is acquiring and integrating most of IBM’s computer business and its Intel-based server business and creating its smartphone.
Lenovo Nowadays
Lenovo has operations in over 60 countries and sells its products in around 180 countries. Its global headquarters is located in Beijing, China, while its operational headquarters are in Morrisville, North Carolina, US. It has research centers in Beijing, Chengdu, Yamato (Kanagawa Prefecture, Japan), Shanghai, Shenzhen, and Morrisville (North Carolina, US). In addition, it has Lenovo NEC Holdings, a joint venture with NEC that produces personal computers for the Japanese market.
