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Lenovo, the world's largest PC maker, is set to expand its manufacturing footprint outside China due to geopolitical uncertainties and potential tariffs from the US. The company plans to open new facilities, including in Saudi Arabia, to diversify its supply chain and mitigate risks. This strategic move comes as Lenovo reported a significant revenue increase, driven by the rising demand for AI-capable computers.
In the second quarter, Lenovo's revenue surged by 24%, reaching $17.9 billion, surpassing analyst expectations. The demand for AI-capable PCs is a key growth driver, with projections indicating that these models could make up 80% of Lenovo's shipments by 2027. The company is also expanding its AI server and software businesses, reflecting its commitment to leveraging artificial intelligence in its product offerings.
• Lenovo plans to open new manufacturing facilities outside China.
• AI-capable computers are driving significant sales growth for Lenovo.
These computers are designed to handle artificial intelligence workloads, driving sales growth.
Servers optimized for AI workloads have seen increased demand, contributing to revenue growth.
Lenovo is expanding its AI server and software businesses to capitalize on the growing AI market.
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