Lenovo to expand global factory footprint as AI lifts sales in second quarter

Quick Summary:

The world’s largest PC maker is planning more plants outside China amid threats from US president-elect Trump to impose 60 per cent tariffs.

The Chinese technology company reported revenue of US$17.9 billion for the quarter ended September 30, exceeding analysts’ expectations of US$16.0 billion, according to LSEG data.

That was partly spurred by sales growth of computers that can handle artificial intelligence workloads as the global personal computer industry showed signs of recovery.

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Article Details

Author / Journalist: Reuters

Category: Technology

Markets: Hong KongChinaSaudi Arabia

Topics: Plans Lenovo Yuanqing Global Revenue Manufacturing Open Facilities Yang Chairman China

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 13:30:07 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 228 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23598366

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