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Jun 25, 2024, 12:45 PM
Wearable Devices Shows Positive Results on Lenovo's XR Headset Using its Mudra Technology Wearable Devices Ltd. showcased their Mudra technology on Lenovo's ThinkReality XR headset at AWE 2024, demonstrating its potential for enhanced user interaction in extended reality environments. The company is focused on developing AI-based neural input technology and their flagship product, the Mudra Band, integrates this technology into a stylish wristband for Apple Watch. Their shares and warrants trade on Nasdaq and they have filed annual reports with the SEC. However, forward-looking statements should not be solely relied upon as they are subject to uncertainties and risks. For investor relations, contact Walter Frank at IMS Investor Relations.
May 29, 2024, 5:32 AM
Lenovo issues US$2 billion convertible bonds to Saudi Arabia sovereign fund to finance debt repayment, expansion Lenovo, the world's largest PC maker, is issuing $2 billion in convertible bonds to a Saudi Arabian sovereign wealth fund subsidiary. The bonds have no interest and can be converted into shares at a discounted price. The proceeds will be used to repay debt and fund expansion in the Middle East and Africa. This move is seen as a way to lower funding costs and improve their presence in the region. The company's stock fell slightly due to concerns about earnings dilution.
Apr 17, 2024, 9:47 AM
Hyperscale Data Center Market Projected to Grow USD 934.9 Billion with Top Players | Cisco Systems Inc. (US), IBM Corporation (US), Huawei Technologies Co. Ltd. (China), Ericsson (Sweden), Lenovo Group Ltd. (China) and More The global hyperscale data center market is projected to reach USD 934.9 billion, driven by increasing demand for computing power and storage, urbanization, and adoption of IIoT and smart automation solutions. Top players include Cisco, IBM, and Huawei. Recent developments include collaborations and new data center construction. The market is segmented by component, end-use, application, and geography. The report provides insights and company profiles, and is a valuable resource for businesses. Other related markets experiencing growth include in space manufacturing, digital human, regulatory affairs outsourcing, and hyperscale servers.
Mar 19, 2024, 4:51 AM
Lenovo Vehicle Computing and WeRide Forge a Strategic Partnership, using NVIDIA DRIVE Thor Platform to Accelerate Autonomous Driving Lenovo Vehicle Computing and WeRide have joined forces to create Level 4 autonomous driving solutions for commercial use. The solution will be based on Lenovo's AD1 domain controller and NVIDIA's DRIVE Thor platform, trained on advanced AI solutions. It will be integrated into WeRide One, a comprehensive autonomous driving platform with global deployment capabilities. This partnership aims to improve productivity and mobility in the automotive industry. Lenovo has obtained self-driving licenses in multiple countries and is working with NVIDIA to develop safe and reliable autonomous vehicles.
May 24, 2023, 6:57 PM
Hong Kong stocks drop to 6-month low as Lenovo, Xpeng earnings take a hit from China’s weak recovery, US debt ceiling talks sap sentiment Hong Kong stocks dropped to a 6-month low on Thursday due to weak earnings from Lenovo and Xpeng, as well as US debt ceiling talks, resulting in the Hang Seng Index being on track for a third consecutive weekly loss.