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LENOVO GROUP: AI-related Revenue Guided for High Double-digit Growth; CN Biz Seen Growing Faster if H200 Chip Approved
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LENOVO GROUP (00992.HK) reported that AI-related revenue for the fourth fiscal quarter ended March elevated 84% YoY, representing 38% of the group's total revenue. Senior Vice President and CFO Winston Cheng said AI has become a key growth engine for the group, covering AI infrastructure, end devices such as PCs, tablets and smartphones, as well as services, all of which posted strong growth. As the base of AI-related revenue is now relatively large, the growth rate will not be as high as before, he mentioned. However, the company expects to maintain high double-digit growth in the current fiscal year. Regarding reports that the US has approved the sale of H200 chips to around 10 Chinese companies including LENOVO GROUP, he said the company is well positioned but the final outcome remains subject to regulatory decisions. If approval is cleared, the China market business is envisioned to achieve higher growth. AASTOCKS Financial News |
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