The CEO of Lenovo Group Ltd. (00992.HK) said 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.
The company’s PC shipments grew 59% to 20.4 million units in the first three months of 2021.
Some 10% of Lenovo’s income in the three months through March came from data services, an area that the company touts as a driver of future growth.