Lenovo Group Ltd. announced the launch of nine new ThinkServer servers on June 5 and said it plans to be one of the world's top three server providers by the end of 2015, surpassing IBM and Hewlett- Packard.

The Chinese company, which bought IBM'sPC division in 2005, became the world's second largest PC maker last year. But its server business didn't even merit a mention in the company's latest financial report.

With decreasing margins in the PC sector, traditional industry giants, such as HP and Dell, are transferring from being pure PC vendors to IT solution providers.

Lenovo's market share in the server market currently stands at around 3 percent, but it plans to lift this figure to 10 percent with sales of 1 million servers by the end of 2015. Starting from last year, Lenovo increased its investment in three server research and development centers in China, the United States and Japan.