History of personal computers first common in high end systems, servers and workstations, and then gradually replaced 32-bit processors in consumer desktop and laptop systems since about 2005. In 2004, IBM announced the proposed sale of its PC business to Chinese computer maker Lenovo Group, which is partially owned by the Chinese government, for US$650 million in cash and $600 million US in Lenovo stock. The deal was approved by the Committee on Foreign Investment in the United States in March 2005, and completed in May 2005. IBM will have a 19% stake in Lenovo, which will move its headquarters to New York State
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