Shares in China's Lenovo have risen after the firm agreed to buy IBM's low-end server business for $2.3bn.
Its shares rose as much as 9% to HK$11.28 in early trade on the Hong Kong Stock Exchange on Friday.
The deal, announced late on Thursday, comes as PC makers are have been hurt by a slowdown in global demand for desktop computers.
The move is expected to open up new avenues of growth for Lenovo.
Yang Yuanqing, Lenovo's chairman and chief executive, said on Thursday that the acquisition "demonstrates our willingness to invest in businesses that can help fuel profitable growth and extend our PC Plus strategy".
The Chinese firm previously bought IBM's PC business in 2005, featuring the ThinkPad range.
It has since turned the business into a profitable one and the company overtook Hewlett-Packard as the world's top PC maker in 2012.
However, global PC sales have now fallen for six quarters in a row prompting manufacturers to look for new areas of growth.
Some analysts said that investors were betting that Lenovo would be able to repeat the success it had with IBM's PC business with the low-end server division as well.
Lenovo has already diversified into fast-growing sectors such as smartphone and tablets.
Its combined shipments of smartphones and tablets have surpassed those of PCs for two quarters in a row.
英语词汇分类79：国际互联网 internet, internet work, interconnection network 互联网，又名互连网。泛指由多个计算机网络相互连接而成的一个网络，它是在功能和逻辑上组成的一个大型网络。 Internet因特网，...（查看全文）
There are two categories of networks: local area networks (LANs) and wide area networks (WANs). Here I'd like to mainly talk about LAN. A LAN is a system of computers and associated peripheral...（查看全文）
internet, internet work, interconnection network 互联网，又名互连网。泛指由多个计算机网络相互连接而成的一个网络，它是在功能和逻辑上组成的一个大型网络。 Internet因特网，国际互联网，互联网，全球互...（查看全文）
There are two categories of networks: local area networks (LANs) and wide area networks (WANs). Here I'd like to mainly talk about LAN. A LAN is a system of computers and associated peripherals su...（查看全文）
c2c: card-to-card interleaving，卡到卡交错存取cc-numa(cache-coherent non uniform memory access，连贯缓冲非统一内存寻址)chrp(common hardware reference platform，共用硬件平台，ibm为powerpc制定的标准，可...（查看全文）