ThinkPad T series Windows 10. In December 2004 Lenovo of China announced the acquisition of the IBM PC division including the ThinkPad brand (at the time, 40% of the PC division was working in China.) ThinkPads were being made by Lenovo's arch-rival Great Wall Technology. Lenovo released the ThinkPad T60 and T60p laptops in February 2006. While designed and manufactured by Lenovo, the T60 and the T60p still featured the IBM logo on the machines. In May 2007, the T61 and T61p laptops slowly phased out IBM logos in favor of the ThinkPad logo. It also was the first T Series notebook to
Lenovo companies said in a statement that they would establish a new company called Lenovo NEC Holdings, to be registered in the Netherlands. NEC received US$175 million in Lenovo stock. Lenovo was to own a 51% stake in the joint venture, while NEC would have 49%. Lenovo has a five-year option to expand its stake in the joint venture. This joint venture was intended to boost Lenovo's worldwide sales by expanding its presence in Japan, a key market for personal computers. NEC spun off its personal computer business into the joint venture. As of 2010, NEC controlled about 20% of Japan's