Lenovo is a Chinese multinational technology company manufacturing and selling personal computers, consumer electronics, business software solutions and more. Established in the year 1984, Lenovo has expanded globally over the years and is the world’s largest vendor of personal computers in terms of unit sales as of 2021. The products of this brand are sold in more than 180 countries.
History
Lenovo was founded as a PC sales unit by Liu Chuanzi and his colleagues in the year 1984. The company started manufacturing and selling computers under its own brand name in the 1990s and built up high sales figures by offering lower prices as compared to other companies. By the later years of the 1990s, Lenovo held 43% of the domestic computer market share. A notable early success of the company was the KT8920 mainframe computer. In the year 1996, Lenovo ventured into the laptop market.
Lenovo acquired the personal computers business of the US technology major IBM in the year 2005. This helped the company to enter the global market, helped in no small measure by IBM’s ThinkPad laptop and ThinkCentre desktop lines. As a result of the acquisition, Lenovo became the third largest producer of computers in the world in terms of volumes.
Lenovo entered into a joint venture with the Japanese electronics company NEC to manufacture personal computers. In the year 2012, Lenovo entered the smartphones market again and became the second largest vendor of smartphones just behind Apple in the Chinese market.
In the year 2014, Lenovo purchased Motorola’s smartphone business named Motorola Mobility from Google for USD 2.91 billion.
Products
Lenovo manufactures, markets and sells ThinkPad, IdeaPad, Yoga, Xiaoxin and Legion line of laptops and ThinkCentre and IdeaCentre lines of desktops, Think brand has been expanded to include tablet computers and hybrid devices such as ThinkPad Tablet 2, ThinkPad Helix and ThinkPad 8 as well.
Other products by Lenovo are smartphones, servers, smart televisions, high-end monitors, workstations for high-end computing, wearable devices and IoT based home automation systems.
Operations
Lenovo operates manufacturing facilities in China and Japan. It has multiple research and development centres in China and also in Singapore and in USA. Lenovo assembles its smartphones in Chennai, India.
Highlights of Lenovo company details
| Lenovo company is from which country | China |
| Established year | 1984 |
| Lenovo company owners | Institutional investors |
| Lenovo company headquarters | Hong Kong
Beijing, China Morrisville, North Carolina, USA |
| Products of lenovo | PCs, laptops, smartphones, servers, etc. |
| Lenovo company founders | Liu Chuanzi |
| Parent company of lenovo | Lenovo Group Limited |
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Anantha Nageswaran is the chief editor and writer at TheBusinessBlaze.com. He specialises in business, finance, insurance, loan investment topics. With a strong background in business-finance and a passion for demystifying complex concepts, Anantha brings a unique perspective to his writing.
