Lenovo IBM's interest in Lenovo fell below the 5% threshold that mandates public disclosure. IBM's Intel based server lines, including IBM System x and IBM BladeCenter were sold to Lenovo in 2014. Lenovo says it will gain access to more enterprise customers, improve its profit margins, and develop a closer relationship with Intel, the maker of most server processors, through its acquisition of IBM's x86-based server business. On 1 October 2014, Lenovo closed its acquisition of IBM's server division, with the final price put at $2.1 billion. Lenovo said this acquisition came in at a price lower than the previously announced
Lenovo smartphones smartphone range. In May 2012, Lenovo announced an investment of US$793 million in the construction of a mobile phone research and development facility and factory in Wuhan, China. The facility, called the Lenovo Industrial Base, was scheduled to start operations in October 2013. In March 2014, Lenovo renamed its mobile device division to the Mobile Business Group. It was formerly known as the Mobile Internet and Digital Home Group. In August 2015, Lenovo announced that except for ZUK, all of its mobile phone business would be folded into Motorola Mobility. The Lenovo brand name will no longer be used on