China’s Lenovo warns of PC shipment pressure from memory shortage​

China’s Lenovo Group warned on Thursday about mounting pressure on PC shipments as a worsening memory-chip shortage grips the industry.

Chief executive Yang Yuanqing told Reuters after the company released third-quarter ‌results that ⁠the world’s ⁠largest PC maker has raised prices to offset surging memory costs, while accelerating its push into the fast-growing AI inference market.

“We expect PC unit sales to face pressure, but believe we can still grow revenue and maintain profitability,” Yang said.