BEIJING, Feb 12 (Reuters) - 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 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.
The comments underscore the strain on PC manufacturers as memory-chip shortages, driven by AI demand, squeeze margins and threaten production targets.
Lenovo's third-quarter revenue rose 18% to $22.2 billion, beating expectations of $20.6 billion, but net profit fell 21% to $546 million, weighed down by a $285 million restructuring charge.
The restructuring aims to sharpen the company's focus on the AI inference market and will cut costs by up to $200 million over three years, CEO Yang said.
(Reporting by Che Pan and Brenda Goh; Editing by Muralikumar Anantharaman)
