The Iconic American Brands Are No Longer American

Since 1911, IBM has been at the forefront of technological advancements, initially focusing on business machines before entering the computer space. Their journey took a notable turn when Lenovo acquired their PC division in 2004 for $1.75 billion.

The sale of IBM’s PC division to Lenovo was celebrated by Lenovo’s founder, Chuanzhi Liu, as a significant milestone towards becoming a global entity. Meanwhile, IBM’s CEO, Sam Palmisano, viewed the move as an opportunity for IBM to pursue high-value projects in the evolving tech landscape.