It was bought, but after the renaming. Today IBM only build Servers. Mainframes. All other PC, Laptop and Server Production/Branding is sold.
IBM rebranded mainly to IBM iX. A full service agency.
Hardware is now Mainframes. And other deviations are mostly Cloud, OpenShift, Ansible, and RHEL.
replyThey did, but they also were a large existing manufacturer.
replyI don't know what they had before but their identity seemed to be IBM's overnight (thinkpads and all).
replyThey used the Think(Pad|Centre) brand and expanded it to other things (like IdeaPad).
replyThey basically bought IBM's good reputation name and style and used it for both IBM-alikes and budget machines.
Some of it was good machines, some of it was crap.
They actually bought entire ThinkPad R&D as well, and have been subcontracted manufacturer for some time before that.
replySo Thinkpads are still designed in ex-IBM Lenovo Japan