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Lenovo brushes off chip shortage worries amid surge in PC demand

CEO Yang forecasts further growth from accelerated replacement purchases

Lenovo Chairman and CEO Yang Yuanqing, seen here in 2019, proved skeptics wrong with his forecast that industry PC shipments would reach 300 million.    © Reuters

HONG KONG -- Even as its sales hit a new high, Chinese PC maker Lenovo Group expressed confidence on Wednesday that its production will not be disrupted by the semiconductor shortage now plaguing carmakers and others.

"We continue to manage the impact, being by far the largest PC manufacturer and supplier in the world," Gianfranco Lanci, president and chief operating officer, said in an online earnings call.

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