Lenovo, founded by Liu Chuanzhi in Beijing, China in 1984 and originally named Legend, has grown to become the largest manufacturer of personal computer (PC) units worldwide with $45 billion in revenues in 2016. The company remains headquartered in Beijing and has its North American headquarters in Morrisville, North Carolina. As of 2016, the company employed 60,000 people globally.
The name Lenovo is a combination of the word “legend” (its original name) and “novo,” which means new in Latin. As part of its continual expansion, the company bought IBM’s PC business in 2005. The company also entered the smartphone market in 2012 and is the top seller of smartphones in China. The company also produces tablets, software, smart televisions, and even smartwatches. True to its name, the company has continued innovating in a highly competitive global industry.
The company is famous for its high-quality products, and its ThinkPad line of notebooks, acquired from IBM, is especially popular in the business world. Notably, the company designed the 2008 Summer Olympics torch, as seen below.