Hong Kong-listed Lenovo Group Ltd (
The company reported a net profit of HK$327 million (US$42 million) in the three-month period to December after HK$325 million dollars a year earlier.
Sales however fell to HK$6.31 billion from HK$6.55 billion.
For the nine months to December, Lenovo's net profit rose to HK$954 million from HK$865 million while revenues dropped to HK$17.84 billion from HK$18.14 billion a year earlier.
Lenovo said it had a 28 percent share of the computer market as of the end of December.
Lenovo stunned the world in December when it announced the purchase of IBM's global PC operations in a deal worth US$1.75 billion in all.
Upon completion of the deal, IBM will have an 18.9 percent stake in Lenovo and the Chinese company will become the world's third largest computer maker with annual sales of US$12 billion and an 8.0 percent global market share.
However, the Committee on Foreign Investments in the US (CFIUS), an inter-agency panel, is scrutinizing the deal amid fears the technology transfers involved may pose US national security concerns.
Yang Yuangqing (
"We have not received any hurdles [from the US] ... we will continue to cooperate with the US," Yang said.
The Eurovision Song Contest has seen a surge in punter interest at the bookmakers, becoming a major betting event, experts said ahead of last night’s giant glamfest in Basel. “Eurovision has quietly become one of the biggest betting events of the year,” said Tomi Huttunen, senior manager of the Online Computer Finland (OCS) betting and casino platform. Betting sites have long been used to gauge which way voters might be leaning ahead of the world’s biggest televised live music event. However, bookmakers highlight a huge increase in engagement in recent years — and this year in particular. “We’ve already passed 2023’s total activity and
Nvidia Corp CEO Jensen Huang (黃仁勳) today announced that his company has selected "Beitou Shilin" in Taipei for its new Taiwan office, called Nvidia Constellation, putting an end to months of speculation. Industry sources have said that the tech giant has been eyeing the Beitou Shilin Science Park as the site of its new overseas headquarters, and speculated that the new headquarters would be built on two plots of land designated as "T17" and "T18," which span 3.89 hectares in the park. "I think it's time for us to reveal one of the largest products we've ever built," Huang said near the
China yesterday announced anti-dumping duties as high as 74.9 percent on imports of polyoxymethylene (POM) copolymers, a type of engineering plastic, from Taiwan, the US, the EU and Japan. The Chinese Ministry of Commerce’s findings conclude a probe launched in May last year, shortly after the US sharply increased tariffs on Chinese electric vehicles, computer chips and other imports. POM copolymers can partially replace metals such as copper and zinc, and have various applications, including in auto parts, electronics and medical equipment, the Chinese ministry has said. In January, it said initial investigations had determined that dumping was taking place, and implemented preliminary
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