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Questions about Lenovo

Short answers, pulled from the story.

When was Lenovo founded and who founded it?

Lenovo was founded on the 1st of November 1984 in Beijing by a team of engineers led by Liu Chuanzhi and Danny Lui. The company started with 200,000 yuan in capital, approved by colleague Zeng Maochao, and an initial staff of eleven people, all from the Institute of Computing Technology of the Chinese Academy of Sciences.

When did Lenovo become the world's largest PC maker?

Lenovo became the world's largest personal computer vendor by unit sales for the first time in 2013, a position it still held as of 2024. In the third quarter of 2020, it commanded a 25.7% share of all PCs sold worldwide.

Why did Lenovo change its name from Legend?

Yang Yuanqing decided in 2002 to abandon the Legend name in order to expand beyond the Chinese home market. The word "Legend" was already in use by businesses worldwide, making it impossible to register in many jurisdictions outside China. Lenovo publicly announced the new name in April 2003 following a rebranding campaign that cost a total of 200 million CNY by the end of that year.

How much did Lenovo pay for IBM's PC division?

Lenovo established a new holding company in 2005 through a merger with IBM's personal computer business. IBM also received an 18.9% stake in Lenovo as part of the arrangement. The acquisition of IBM's x86 server lines, a later deal, closed on the 1st of October 2014 at a final price of $2.1 billion.

How did Lenovo acquire Motorola Mobility?

Google announced on the 29th of January 2014 that it would sell Motorola Mobility to Lenovo for US$2.91 billion. The deal included the Moto X, Moto G, and Droid Turbo smartphone lines. Google retained Motorola's Advanced Technologies and Projects unit and kept all but 2,000 of the company's patents, though Lenovo received royalty-free licenses to those patents. The acquisition closed on the 30th of October 2014.

What was the Lenovo Superfish scandal?

In February 2015, Lenovo was found to have bundled software called Superfish Visual Discovery on some laptops. The software injected advertising into search results and installed a self-signed certificate that used the same private key across all affected machines, creating a broad security vulnerability. In 2017, Lenovo agreed to a settlement with the US Federal Trade Commission and had previously apologized to customers and offered free McAfee subscriptions to those affected.