Thursday, 14 August, 2025
Lenovo Hails US-China Tariff Pause as a Boost, Citing Record Revenue & AI Growth
Lenovo welcomed the 90-day extension of the US-China tariff pause, calling it a constructive move that brings more business certainty amid tech tensions. The PC giant delivered stellar fiscal Q1 results: a 22% increase in revenue to $18.8 billion and a net profit surge of 108% to $505 million, propelled by robust AI demand. AI PCs comprised over 30% of shipments, while AI server sales grew 150%.
Read full story at Economic Times