Lenovo Group CEO Yang Yuanqing: Has signed the best contracts with core component suppliers to ensure sufficient supply guarantees for next year.

According to Reuters, Lenovo Group announced on Thursday that it has signed long-term supply contracts with key component suppliers to address the ongoing issue of storage chip price hikes due to the soaring demand for artificial intelligence. "We have signed the best contracts with core component suppliers to ensure sufficient supply guarantee for next year," said Yang Yuanqing, Chairman and CEO of Lenovo Group, after releasing the company's second quarter financial report.