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992 - Lenovo News Story

HK$4.72 -0.2  -3.1%

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Sector
Technology
Size
Large Cap
Market Cap £5.79bn
Enterprise Value £8.09bn
Revenue £38.87bn
Position in Universe 230th / 5989

Lenovo launches new server platform with AMD data center chips

Tue 5th May, 2020 1:00pm
May 5 (Reuters) - Lenovo Group  0992.HK  said on Tuesday it
has launched a new server platform capable of handling heavy
computing tasks inside data centers using chips from Advanced
Micro Devices Inc  AMD.O .
    Demand from cloud computing companies have boosted sales of
server chips, helping the overall results of AMD and rival Intel
Corp  INTC.O .
    Lenovo, the world's biggest maker of personal computers, is
also a major maker of servers that sit inside data centers and
power online services such as gaming and video streaming. 
    Intel's Xeon chips have dominated the market for server
chips, but AMD has been gaining ground since its re-entry into
the business three years ago with rival EPYC processors that
earned positive reviews.
    Lenovo said on Tuesday that the newest server design would
accommodate two AMD processor chips inside a single server,
making the machines capable of handling more workload.
Previously, Lenovo had only offered servers with one AMD chip. 

 (Reporting by Stephen Nellis in San Francisco and Munsif
Vengattil in Bengaluru; Editing by Shailesh Kuber)
 ((munsif.vengattil@thomsonreuters.com;))
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