CHINA-TECHNOLOGY: LENOVO'S CEO SAYS GLOBAL SEMICONDUCTOR SHORTAGE WILL PERSIST AT LEAST FOR ANOTHER 18 MONTHS
|
Yang Yuanqing, CEO of Lenovo Group Ltd. said (May 27) that he expects the global semiconductor shortage to persist for as long as another 18 months as the unprecedented scarcity continues to squeeze production across a wide range of sectors. Speaking during a quarterly earnings call on May 27, Yang Yuanqing also ruled out further expanding its presence in the car industry, saying the Hong Kong-listed enterprise would focus on serving its existing automotive clients. He said “We’re definitely not going to make cars”. “We have … a clear enough strategy and will continue to put our limited resources and energy into the track we’ve already laid out.”
|