Friday, February 17, 2023

Lenovo posts its worst revenue fall in 14 years with Q3 revenue of $15.3B, down 24% YoY, and net income of $437M, down 32% YoY, and warns of job cuts (Josh Ye/Reuters)

Josh Ye / Reuters:
Lenovo posts its worst revenue fall in 14 years with Q3 revenue of $15.3B, down 24% YoY, and net income of $437M, down 32% YoY, and warns of job cuts  —  China's Lenovo Group Ltd (0992.HK) reported a 24% revenue decline for the third quarter, its largest revenue fall in 14 years as global demand …



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Trump's call to scrap the "horrible" CHIPS Act causes concern among Republican lawmakers, who sought and received White House reassurances over the program (New York Times)

New York Times : Trump's call to scrap the “horrible” CHIPS Act causes concern among Republican lawmakers, who sought and received Wh...