For one thing, they can run the core steel at a higher hardness, which reduces toughness, but increases edge retention. They laminate a tougher steel over the top of it and that gives the knife toughness, and sometime greater impact resistance. So, you get the best of both.What are the advantages of the laminated blade? Why is it superior to just making the blade from s90v?
Another reason is to provide corrosion resistance to a super steel carbon steel, like Maxamet, that is highly prone to corrosion, but has other desirable properties. They laminate a much more corrosion resistant (stainless) steel over that so the knife gets the advantages of both.

