Lenovo bought IBM PC business

Chinese manufacturer Lenovo bought IBM PC business for US$1.8 B. This makes Lenovo the third PC manufacturer after Dell and HP. Here is a good analysis article (recommended by Daniel).

It is a surprise but reasonable thing. For IBM, Lenovo is the best buyer to make the its PC business survive. For Lenovo, it got all the technology in this domain, and most important, the starting date to go to the world. People are expecting this date. Now it is today.

I do not know from when semi-conductor manufacturing becomes the strategic technology for China. But from the IST conference, after I attended the Chinese networking session, this trend is clear to me. China is seeking the technology for designing and manufacturing chips and high performance computer.

In contrast, India focuses on service-oriented industry, such as software engineering, produce engineering, account services, call-center services, health care services.

For the industrialized countries, the world competition pushes them to even higher end business. Innovation and, knowledge-oriented economy has to be their focus. The requirements to highly educated people will become more important. They also have to be an open society to attract people from the world to win the world competition.