China’s Top PC Maker Increases Profit After Cutting Costs | Biden News

China’s Top PC Maker Increases Profit After Cutting Costs

 | Biden News

[ad_1] (Bloomberg) — Lenovo Group Ltd.’s earnings. climbed 6% after China’s top maker relied on cost-cutting and new businesses to weather an unprecedented slump in global computing demand. Net income rose to $541 million in the quarter ended September, the company said Thursday. The average analyst estimate was $473 million. Sales fell for the first … Read more

AMD shares rise as chip maker sees data center strength easing PC slowdown | Biden News

AMD shares rise as chip maker sees data center strength easing PC slowdown

 | Biden News

[ad_1] Nov 2 (Reuters) – Chipmaker Advanced Micro Devices Inc ( AMD.O ) grabbed more share in the lucrative data market from rival Intel Corp ( INTC.O ) in the third quarter, drawing praise from analysts and triggering a nearly 5% jump. in his stock on Wednesday. The company’s continued expansion into server processors has … Read more