“The price is going very, very high, of course, and I think it’s been unprecedented in terms of this rate driven by the AI demand,” Cheng said. His company has long-term contracts in place and the benefit of scale, he added, and “those that have the supply actually would be able to have a position in the market”.
Beijing-based Lenovo will aim to avoid passing on rising costs to its customers in the current quarter, as it wants to sustain this year’s strong sales growth, according to the CFO. He said the company will strike a balance between price and availability in 2026.
Lenovo said last week that it has enough memory chips for all of 2026 and it can navigate any shortages better than its competitors.
Top Chinese chipmaker Semiconductor Manufacturing International Corp warned earlier this month that a shortage of memory — essential to all modern electronics — may constrain car and consumer electronics production in 2026. Already, smartphone maker Xiaomi Corp has said it expects the supply shortfall to push up the prices of mobile devices next year.
See also: Nvidia-led boom set to turn chips into trillion-dollar industry
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