1. Strategic adjustment: In the 2000s, IBM began to adjust its strategy, shifting its focus from hardware manufacturing to high value-added software and services. Therefore, IBM decided to spin off some hardware businesses, such as the personal computer (PC) department, in order to better focus on its core business.
2. Financial reasons: When Lenovo acquired IBM's PC division, IBM's financial situation was not optimistic. By divesting low-margin hardware business, IBM can reduce financial pressure and improve profitability.
3. Market competition: In the PC market, IBM is facing fierce competition, especially the pressure from competitors such as Dell and Hewlett-Packard. Selling the PC business to Lenovo can help IBM reduce the competitive pressure and focus on more valuable business areas.
4. Lenovo's development needs: As a China company, Lenovo is in the stage of global expansion. By acquiring IBM's PC business, Lenovo can quickly gain IBM's brand, technology and global market share, thus improving its competitiveness in the international market.
5. Government support: The China Municipal Government expressed support and encouragement for Lenovo's acquisition of IBMPC business, believing that this acquisition will help to enhance the position and influence of China enterprises in the global market.
In short, the main reasons for IBM's acquisition by Lenovo include strategic adjustment, financial reasons, market competition, Lenovo's development needs and government support. Through this acquisition, IBM successfully divested its low-profit hardware business and achieved strategic transformation; Lenovo gained global market share and brand influence, which laid the foundation for its global development.