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IBM acquired Kenexa (2012) and SPSS (2009) and PwC's consulting business (2002), spinning off companies like printer manufacturer Lexmark (1991), and selling off product lines like its personal computer and x86 server businesses to Lenovo (2005, 2014). In 2014, IBM announced that it would go "fabless" by offloading IBM Micro Electronics semiconductor manufacturing to GlobalFoundries, a leader in advanced technology manufacturing, citing that semiconductor manufacturing is a capital-intensive business which is challenging to operate without scale. This transition had progressed as of early 2015[update].

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IBM