Lenovo Group Ltd - LNVGY STOCK NEWS

Akeso (9926.HK) publishes promising results from three investigator-initiated trials (IITs) of its bispecific IO drug, cadonilimab, at the 2023 ESMO Asia Congress.

Lenovo announces the launch of its new Chromebox Micro media player during the Digital Signage Experience (DSE). The Lenovo Chromebox Micro is designed for 24/7 digital display deployments and is expected to capitalize on the growing global digital signage market, estimated to expand at a compound annual growth rate of 8 percent from 2023 to 2030. The device offers high performance, proven data security, and easier remote control and device management with ChromeOS. It is set to be available in select markets worldwide from the first quarter of 2024, with a starting price of US$219.

Lenovo (United States) Inc. files patent infringement action against ASUSTeK Computer Inc. and ASUS Computer International with the United States International Trade Commission. Lenovo asserts its commitment to protecting its significant contributions to technology innovation and industry 'firsts' over the past 39 years, building a portfolio of over 28,000 patents with a further 14,000 applications pending. The company invests US$2.2 billion annually in research and development and recently announced a further US$1 billion investment in AI innovation. Lenovo is represented in this matter by the global law firm DLA Piper.

Lenovo Group Limited (HKSE: 992) (ADR: LNVGY) reports Q2 results, showing signs of recovery in the technology sector. Revenue at US$14.4 billion, net income at US$273 million. Gross profit margin improved to 17.5%. Non-PC businesses accounted for 40% of revenue. The company is confident in its ability to resume year-on-year growth soon. Lenovo is accelerating its AI leadership with a hybrid AI model, pocket-to-cloud portfolio, and strong ecosystem and partnerships.

Lenovo (LNVGY) Unveils ThinkSmart Bar 180 for Small and Medium Meeting Spaces, Featuring AI-Enabled Video and Audio Streams and Windows Autopilot Support. The ThinkSmart Bar 180, in collaboration with Jabra, offers a complete, intelligent room system with a 180-degree field of view, 4K resolution, and three configurable video modes for a seamless collaboration experience.

Lenovo is offering special promotions and discounted prices exclusively at Lenovo.com during its annual Black Friday Sale, with significant discounts on electronics and accessories, including hourly doorbusters throughout Thanksgiving & Black Friday.

Lenovo and EPOS have announced a strategic agreement to provide high-quality audio solutions for business professionals. The agreement aims to address the growing demand for professional audio experiences in the hybrid work environment. EPOS will be Lenovo's global audio partner for PC audio accessories, and the collaboration will involve co-development of future hardware, software, and services. The EPOS portfolio will be included in Lenovo's 3rd party offering program. The initial phase of the cooperation includes the release of selected headsets designed for professional users to enhance conference calls.

Lenovo's Evolve Small initiative is offering select small businesses the opportunity to promote their brands on billboards and social media platforms across the country with AI-customized ads featuring Queen Latifah. The initiative also launched a microsite to help owners create and share customized marketing materials. Evolve Small provides financial aid, technological resources, community support, and business mentorship to women-owned, minority-owned, and businesses owned by people with disabilities. Lenovo has partnered with CWC Coaching and Therapy to provide mental health services to entrepreneurs. Over $2,000,000 worth of small business grants and technology donations have been provided by Evolve Small to date.

Lenovo and NVIDIA expand their partnership to bring generative AI to every enterprise. Lenovo will deliver fully integrated systems that enable businesses to deploy tailored generative AI applications. The solutions allow enterprises to build custom AI models using NVIDIA AI Foundations cloud service and run them on-prem Lenovo systems powered by NVIDIA's latest hardware and software. Lenovo's NVIDIA-powered systems are optimized to run NVIDIA AI Enterprise software for secure and stable production AI. The companies will create next-generation systems based on the flexible NVIDIA MGX modular reference design. Lenovo also offers AI Professional Services Practice to help businesses navigate the AI landscape and deploy AI quickly and cost-effectively.