Zheng Quan Shi Bao Wang·2025-11-20 09:11Core Viewpoint - Lenovo Group has signed a long-term supply agreement with key component suppliers to address the rising storage chip prices driven by the surge in artificial intelligence (AI) demand [1][2]. Group 1: Supply Chain Strategy - The long-term contract aims to ensure sufficient supply for the upcoming year, reflecting Lenovo's emphasis on stability and sustainability during its AI transformation [1][2]. - By locking in key component supplies, Lenovo can better control cost fluctuations and gain strategic advantages in a competitive market [2][3]. - Lenovo's significant purchasing power allows it to negotiate favorable terms in the supply chain, creating a competitive edge that smaller players cannot match [3]. Group 2: Market Context and Performance - The global storage chip prices are increasing due to heightened demand from data center operators for AI server construction, leading to a tightening supply of traditional storage chips used in smartphones, computers, and gaming devices [1]. - Lenovo's Intelligent Devices Group (IDG) reported a revenue of 108.1 billion RMB in the second quarter of the 2025/26 fiscal year, marking a 12% year-on-year increase, with AI terminal devices contributing significantly to this growth [3]. - The CEO of Lenovo believes that the market will not experience a bubble, but rather a phase of AI technology becoming more widespread and accessible [3].