Lenovo sells its products in around 160 countries. Lenovo's principal facilities are in Beijing and Morrisville, with research centers in Beijing, Shanghai, Shenzhen, Xiamen, Chengdu, Nanjing, and Wuhan in China, Yamato in Kanagawa Prefecture, Japan, and Morrisville in the U.S. It also has a joint venture with NEC, Lenovo NEC Holdings, which produces personal computers for the Japanese market. Lenovo was founded in Beijing in November 1984 as Legend and was incorporated in Hong Kong in 1988. Lenovo acquired IBM's personal computer business in 2005 and agreed to acquire its Intel-based server business in 2014. Lenovo entered the smartphone market in
Solid-state drive SSD. The Apple Store cost was $999 more for this option, as compared with that of an 80 GB 4200 RPM hard disk drive. Another option, the Lenovo ThinkPad X300 with a 64 gigabyte SSD, was announced by Lenovo in February 2008. On August 26, 2008, Lenovo released ThinkPad X301 with 128 GB SSD option which adds approximately $200 US. In 2008, low-end netbooks appeared with SSDs. In 2009, SSDs began to appear in laptops. On January 14, 2008, EMC Corporation (EMC) became the first enterprise storage vendor to ship flash-based SSDs into its product portfolio when it announced it