Lenovo, the world’s top sellers of PCs and supercomputers, is broadening its investment in the fast-growing field of artificial intelligence. Here’s the latest.
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Lenovo, the world’s top seller of PCs, also leads the world in providing supercomputers, according to Top 500, which tracks the world’s high-performance computing industry. IBM, meanwhile, ranks 12th. Here’s the latest.
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MORRISVILLE – The Lenovo ThinkPhone built by Motorola, which Lenovo has owned for nearly a decade, is hitting markets this week. And it’s already drawn a very positive review from TechCrunch, a high-profile website with an international audience. The first phone cobranded by the two companies was announced in...
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If you look closely you can see a 3-pointed logo on the screen of a high-powered Legion laptop from Lenovo. And Mercedes has taken exception to the similarity of that logo to its own star. Thus a lawsuit.
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News of the layoffs comes as financial pressure increased on Lenovo again in the first quarter as PC shipments – Lenovo’s primary revenue source – plunged 30%, according to industry data. Its global market share of 22.4% remains more than one percentage point ahead of HP. Global shipments also fell in the last quarter of 2022 which triggered the warnings about cost cutting.
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Personal computer shipments plummeted in the first quarter compared to a year ago with Apple, PC market leader Lenovo and Dell seeing sales plummet by 30% or more. HP suffered slightly less with a drop of 24%. But if manufacturers could take heart in something it’s that quarter one shipments were nearly double of those in the fourth quarter which was the lowest three-month total reported by research firm IDC since it began tracking shipments in 2008.
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Lenovo’s chair and CEO Yang Yuanqing has aggressive plans in mind to rally the world’s top PC seller after a weak quarter to end 2022 ignited moves to make nearly a billion dollars in spending cuts and make “workforce adjustments.”
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Lenovo has been ordered to pay US patent holder InterDigital a $138.7 million lump-sum settlement to settle a years-long dispute over licensing of technologies essential to 3G, 4G, and 5G communications. Here’s why Lenovo is calling the settlement a “major win.”
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