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Lenovo Group Limited, often shortened to Lenovo (/ləˈnoʊvoʊ/ lə-NOH-voh, Chinese: 联想; pinyin: Liánxiǎng), is an American Chinese[7] 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, workstations, servers, supercomputers, electronic storage devices, IT management software, and smart televisions. Its best-known brands include IBM's ThinkPad business line of laptop computers, the IdeaPad, Yoga, and Legion consumer lines of laptop computers, and the IdeaCentre and ThinkCentre lines of desktop computers. As of 2021, Lenovo is the world's largest personal computer vendor by unit sales.[8][9]
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. Lenovo grew to become the market leader in China and raised nearly US$30 million in an initial public offering on the Hong Kong Stock Exchange. Since the 1990s, Lenovo has increasingly diversified from the personal computer market and made a number of corporate acquisitions, with the most notable being acquiring and integrating most of IBM's personal computer business and its x86-based server business as well as creating its own smartphone.[10]
Lenovo has operations in over 60 countries and sells its products in around 180 countries.[citation needed] The main headquarters was located in Hong Kong,[1] while the global headquarters is located in Beijing, China,[2][3] and its operational headquarters is in Morrisville, North Carolina, US. It has research centers in Beijing, Chengdu, Yamato (Kanagawa Prefecture, Japan), Shanghai, Shenzhen, and Morrisville (North Carolina, US),[4] and also has Lenovo NEC Holdings, a joint venture with NEC that produces personal computers for the Japanese market. IBM's Think-line systems are exclusively developed in Yamato and in Morrisville. Lenovo's acquisition of IBM's businesses is arguably one of the greatest case studies on merging massive international enterprises. These differences caused misunderstandings, hampering trust and the ability to build a new corporate culture. At the end of its first two years, Lenovo Group had met many of its original challenges, including integrating two disparate cultures in the newly formed company, maintaining the Think brand image for quality and innovation, and improving supply chain and manufacturing efficiencies.[62] However, Lenovo had failed to meet a key objective of the merger: leveraging the combined strength of the two companies to grow volume and market share.[62] In order to achieve success, Lenovo embraced diversify at multiple levels- business model, culture, and talent. By 2015, Lenovo grew into the world's number 1 PC maker, number 3 smartphone manufacturer and number 3 in the production of tablet computers.[63]
In March 2017, Lenovo announced it was partnering with Fort Lauderdale, Florida-based software storage virtualization company DataCore to add DataCore's parallel I/O-processing software to Lenovo's storage devices.[64] The servers were reportedly designed to outperform Storage Area Network (SAN) SAN arrays.[64]
In 2017, Lenovo formed a joint venture with Fujitsu and the Development Bank of Japan (DBJ).[65] In the joint venture, Fujitsu would sell Lenovo a 51% stake in Fujitsu Client Computing Limited. DBJ would acquire a 5% stake.
In September 2018, Lenovo and NetApp announced about strategic partnership and joint venture in China. As part of strategic partnership Lenovo started two new lines of storage systems: DM-Series and DE-Series. Both storage systems using Lenovo hardware and NetApp software: DM-Series using ONTAP OS and DE-Series SANtricity OS.
In 2018, Lenovo became the world's largest provider for the TOP500 supercomputers.[66]
In 2020, Lenovo became a preferred data center innovation provider for DreamWorks Animation starting with Trolls World Tour.
In April 2021, Lenovo was reorganized into three divisions: The Intelligent Devices Group for PCs, Smartphones, Smart Collaboration products, Augmented and Virtual Reality solutions and Internet of Things devices, the Infrastructure Solutions Group (formally known as Data Center Group) for smart infrastructure solutions, and the Solutions and Services Group focused on services and industry-specific products.[67] That year, the company hit $60 billion in annual revenues
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