Lenovo Group Limited - LNVGY STOCK NEWS

Lenovo's Back to School Sale, running from July 22 to August 18, offers significant discounts on laptops, tablets, monitors, and accessories. Key highlights include:

• Savings of up to 70% on select technology
• Additional $100 off with code BUYMORELENOVO
• Extra 10% off for verified students and teachers
• ThinkPads up to 68% off
• Chromebooks starting under $400
• Gaming laptops starting under $1100

The sale features weekly promotions, My Lenovo Rewards member deals, and free standard shipping on all items. Customers can earn extra rewards points during the sale period, with 2x points on specific product lines.

The UK Court of Appeal has ruled in favor of Lenovo in its ongoing legal dispute with InterDigital regarding license rates for 3G, 4G, and 5G patents. The court established a modest royalty rate increase to 22.5 US cents per unit, which is only 6.5 cents more than Lenovo's proposed FRAND rate and significantly lower than the 49-50 US cents per unit sought by InterDigital. This decision upholds Justice Mellor’s initial ruling, including his finding of InterDigital's non-FRAND behavior. Lenovo has publicly offered InterDigital the court-determined rate of 22.5 US cents per unit to demonstrate its commitment to fair licensing practices.

Lenovo has launched new AI solutions aimed at industries to accelerate AI deployment and improve efficiency. The solutions include comprehensive services, business-ready applications, and the 6th generation Lenovo Neptune liquid-cooling technology. Lenovo's investment of US$1 billion over three years focuses on creating practical AI use cases across various sectors such as manufacturing, healthcare, and retail. The company collaborates with NVIDIA to offer enhanced AI capabilities, including AI Fast Start services for quick deployment and AI Innovator program solutions. Additionally, Lenovo emphasizes energy efficiency with its liquid-cooling technology, which reduces power consumption by up to 40%. The new solutions align with Lenovo's commitment to responsible AI and its Environmental, Social, and Governance (ESG) goals.

Motorola and Google Cloud have announced a multi-year partnership to integrate generative AI into Motorola's new razr smartphones, starting with the flagship razr+/razr 50 ultra models. Utilizing Google Cloud Vertex AI with Gemini and Imagen models, the Moto ai technology enhances user experience with features like task completion, relevant suggestions, and information recall. Key features include Magic Canvas for image creation and Style Sync for personalized themes. Moto ai, which will continuously evolve with new functionalities, is currently available in Latin America and Europe, and will soon be available for pre-order in North America, India, and select Asia Pacific countries.

Lenovo has launched the Lenovo Tab Plus, an 11.5-inch entertainment tablet designed for music enthusiasts. The tablet features eight JBL speakers, delivering 26W of premium stereo sound, and a 2K display for vivid visuals. It supports high-res audio of 24-bit and 96kHz frequency with Dolby Atmos tuning. Additionally, the Lenovo Tab Plus can function as a Bluetooth speaker and comes with a 175-degree adjustable stand.

The tablet is powered by a MediaTek Helio G99 processor, boasts an 8600 mAh battery for 12 hours of streaming, and supports 45W fast charging. It also offers up to 256GB storage, expandable via MicroSD, and is IP52 water and dust-resistant. The Tab Plus includes features like Immersive Reading Mode, Standby Mode, and a privacy dashboard, with software support extending to June 2028. Available now, the tablet starts at €279 or $289.99.

Motorola, in collaboration with the Lenovo Foundation, has expanded its Indigenous Languages Support Initiative by adding Ladin, a minority language spoken in Italy’s Dolomites region, to its smartphones. This initiative, aimed at raising awareness and empowering Indigenous communities, addresses the urgent need to preserve endangered languages, as UNESCO reports one Indigenous language disappears every two weeks. Ladin, with only 30,000 speakers, now joins over 90 other languages supported by Motorola's devices. This initiative also includes open-sourcing over 1 million translated Indigenous words and publishing the 'Hello Indigenous' whitepaper to encourage others to participate in language preservation.

Lenovo has unveiled its new Lenovo Infrastructure Solutions V4 portfolio, powered by Intel Xeon 6 processors. This lineup aims to simplify the AI journey for businesses of all sizes by providing high-performance, efficient, and AI-enabled solutions. The ThinkSystem V4 portfolio offers a 4.3x performance increase and 4x more cores per rack, optimizing workloads across various industries. Enhanced with Lenovo Neptune liquid cooling, the solutions promise up to 40% power reduction. Lenovo also introduced AI-powered systems management for streamlined deployment and operation, alongside services to support AI adoption from edge to cloud. The new portfolio is designed to ensure AI accessibility, inclusivity, and security, featuring compliance with NIST SP800-193 standards and AI-powered code inspection for firmware.

Lenovo and Cisco have announced a global strategic partnership to accelerate digital transformation for businesses. They aim to deliver integrated infrastructure and networking solutions, focusing on generative AI and digital workplace productivity. The partnership includes the integration of Cisco’s Nexus ecosystem with Lenovo’s edge-to-cloud portfolio.

The Memorandum of Understanding (MoU) outlines plans for co-engineering solutions that enhance AI innovation and offer a single interface for network management. Benefits include faster innovation, improved security, and flexible implementation.

The collaboration will also leverage a network of channel partners to broaden customer choice and streamline digital transformation efforts.

Lenovo has been ranked 10th in the Gartner Supply Chain Top 25 for 2024, highlighting its excellence in supply chain management. This ranking reflects Lenovo's focus on security, digital transformation, and environmental sustainability. The company's global hybrid manufacturing network spans 30+ sites in 10 markets, ensuring a resilient and adaptive supply chain. In 2022, Lenovo's European facility in Hungary shipped over 1.5 million devices across EMEA. Lenovo is also committed to ESG initiatives, with a focus on reducing emissions and promoting a circular economy. Their AI-powered ESG assessment system helps customers make sustainability-focused decisions. Lenovo's supply chain security measures ensure product integrity, reinforcing its competitive advantage.