On Thursday, Lenovo Group revealed that it had inked long-term supply agreements with crucial component suppliers. This move is aimed at tackling the escalating prices of memory chips, which have been driven up by a sudden spike in demand for artificial intelligence. Lenovo's Chairman and CEO, Yang Yuanqing, mentioned that the company has secured favorable contracts to guarantee a steady supply for the upcoming year. Lenovo is ramping up its efforts in the AI infrastructure domain, and this deal could mark a pivotal moment in its long-term strategic plan.

Yang Yuanqing highlighted that Lenovo, as a significant purchaser, enjoys an edge in supply chain negotiations. During the second quarter of the 2025 - 2026 fiscal year, Lenovo's IDG (Intelligent Devices Group) posted robust revenue figures, with a notable surge in the revenue generated by AI-powered terminal devices.

Moreover, Yang Yuanqing is of the opinion that there won't be a bubble in the AI market. Instead, he anticipates that the next stage will witness the widespread implementation of AI technology.