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U.S. Regulators Clear Sale Of IBM's Server Business to Lenovo

U.S. Regulators Clear Sale Of IBM's Server Business to Lenovo

PC components Aug 16,2014 0

IBM said on Friday that U.S. regulators had approved the $2.3 billion sale of its low-end server business to Lenovo Group, as the company continues its shift to more profitable software and services like cloud computing and data analytics. The approval by the Committee on Foreign Investment in the United States came despite CIFUS members' concern, that IBM servers used in the Pentagon's networks could be accessed remotely by Chinese spies and compromised.

Lenovo said that it remains on track to close the IBM server deal by the end of the year.

Tags: IBMLenovo
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Latest News

G.SKILL Announces T5 Neo Series DDR5-6400 CL38 512GB (64GBx8) Overclocked R-DIMM Memory Kit with AMD EXPO Support for AMD Ryzen Threadripper PRO Workstations
PC components

G.SKILL Announces T5 Neo Series DDR5-6400 CL38 512GB (64GBx8) Overclocked R-DIMM Memory Kit with AMD EXPO Support for AMD Ryzen Threadripper PRO Workstations

ZOTAC to Launch GeForce RTX 5090 ARCTICSTORM AIO & GeForce RTX 5060 Low Profile
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ZOTAC to Launch GeForce RTX 5090 ARCTICSTORM AIO & GeForce RTX 5060 Low Profile

KIOXIA Commences Sample Shipments of 9th Generation BiCS FLASH 512Gb TLC Devices
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