In what many see as the backlash of poor performing in the first quarter and quick strategy to greater growth, International Business Machines Corp. (IBM) looks to sell-off its low-end server business. Interestingly, the most likely buyer could be Lenovo Group Ltd, the same Chinese company to which IBM had sold, in a game-changing move, PC business back in 2004.
Lenovo Group Ltd, which is looking to register itself as one of the top makers of PCs in the world, has suffered a major setback when it logged the weakest quarterly profit growth in a period of two years this quarter. The result of this could well be the fact that more and more customers are intending towards the mobile gadgets instead of the PCs to fulfill their needs of computing.
Lenovo Group Ltd announced its plans to open first production plant in the U.S. The facility will be located in Guilford County, North Carolina. The Lenovo plant in the U.S. is expected to start production of the company’s think notebooks, desktops and tablets next year.