Lenovo Group Limited (HKSE: 992) (ADR: LNVGY), together with its subsidiaries ('the Group'), today announced Q2 results for fiscal year 2024/25, reporting significant increases and growth in net income, year-on-year revenue growth for the 4th consecutive quarter, and strong double-digit year-on-year revenue increases from all its business groups. Group revenue increased 24% year-on-year to US$17.9 billion. Net income was up 48% year-on-year to US$404 million on a non-Hong Kong Financial Reporting Standards (non-HKFRS)[1] basis, and non-PC revenue mix was up five points year-to-year to 46%. The Group's results reflect its clear strategy, operational excellence, investment in R&D, innovations in hybrid AI, and global footprint.

The Group's hybrid AI strategy and years of continuous investment in R&D and innovations are paying off, with its first phase of AI PCs, launched in China in May 2024, already reaching double digit share of its total notebook shipments in the China market. Recent launches of AI PCs for the global market with Lenovo AI Now have also been received positively. For enterprise AI, the Group is leveraging its full-stack hybrid infrastructure as well as Lenovo Hybrid AI Advantage to capture growth opportunities. This relentless focus on AI innovation as well as investment in R&D (up 10% year-on-year to US$548 million) is firmly establishing the Group's market differentiation and industry leadership.

We are excited to announce the first Surface AI PCs built exclusively for business: Surface Pro 10 for Business and Surface Laptop 6 for Business. These new PCs represent a major step forward in customer-focused design and are packed with features that business customers have been requesting - from amazing performance and battery life to more ports, better security and custom, durable anti-reflective displays. These are the first Surface PCs optimized for AI, with the new Copilot key being added to Surface Laptop 6 and Surface Pro keyboards that accelerate access to the best Windows AI experiences. In addition to the new Surface for Business products, we are pleased to announce the Microsoft Adaptive Accessories will now be available to commercial customers.

These new PCs are powered by the latest Intel Core Ultra processors. We partnered with Intel to deliver the power and reliable performance our customers depend on, along with compelling AI experiences for Surface and the Windows ecosystem. Surface has also been leading in Neural Processing Unit (NPU) integration to drive AI experiences on the PC since 2019, and the benefits of these connected efforts are evident. From a performance perspective, Surface Laptop 6 is 2x faster than Laptop 52, and Surface Pro 10 is up to 53% faster than Pro 9. The benefits of the NPU integration include AI features like Windows Studio Effects and Live Captions and the opportunity for businesses and developers to build their own AI apps and experiences.

Silicon Box, a cutting-edge, advanced panel-level packaging foundry announced its intention to collaborate with the Italian government to invest up to $3.6 billion (€3.2 billion) in Northern Italy, as the site of a new, state-of-the-art semiconductor assembly and test facility. This facility will help meet critical demand for advanced packaging capacity to enable next generation technologies that Silicon Box anticipates by 2028. The multi-year investment will replicate Silicon Box's flagship foundry in Singapore which has proven capability and capacity for the world's most advanced semiconductor packaging solutions, then expand further into 3D integration and testing. When completed, the new facility will support approximately 1,600 Silicon Box employees in Italy. The construction of the facility is also expected to create several thousand more jobs, including eventual hiring by suppliers. Design and planning for the facility will begin immediately, with construction to commence pending European Commission approval of planned financial support by the Italian State.

As well as bringing the most advanced chiplet integration, packaging, and testing to Italy, Silicon Box's manufacturing process is based on panel-level-production; a world leading, first-of-its-kind combination that is already shipping product to customers from its Singapore foundry. Through the investment, Silicon Box has plans for greater innovation and expansion in Europe, and globally. The new integrated production facility is expected to serve as a catalyst for broader ecosystem investments and innovation in Italy, as well as the rest of the European Union.

Edged Energy, a subsidiary of Endeavour devoted to carbon neutral data center infrastructure, announced today the launch of its first four U.S. data centers, all designed for today's high-density AI workloads and equipped with advanced waterless cooling and ultra-efficient energy systems. The facilities will bring more than 300 MW of critical capacity with an industry-leading average Power Usage Effectiveness (PUE) of 1.15 portfolio-wide. Edged has nearly a dozen new data centers operating or under construction across Europe and North America and a gigawatt-scale project pipeline.

The first phase of this U.S. expansion includes a 168 MW campus in Atlanta, a 96 MW campus in the Chicago area, 36 MW in Phoenix and 24 MW in Kansas City. At a time of growing water scarcity where rivers, aquifers and watersheds are at dangerously low levels, it is more critical than ever that IT infrastructure conserve precious water resources. The new Edged facilities are expected to save more than 1.2 billion gallons of water each year compared to conventional data centers. "The rise of AI and machine learning is requiring more power, and often more water, to cool outdated servers. While traditional data centers struggle to adapt, Edged facilities are ready for the advanced computing of today and tomorrow without consuming any water for cooling," said Bryant Farland, Chief Executive Officer for Edged. "Sustainability is at the core of our platform. It is why our data centers are uniquely optimized for energy efficiency and water conservation. We are excited to be partnering with local communities to bring future-proof solutions to a growing digital economy."

Logitech has announced that all video collaboration devices that run on the CollabOS operating system will now be manufactured with next-life plastics, helping enterprise customers support their sustainability objectives. Existing products- Rally Bar, Rally Bar Mini, Tap IP, Tap Scheduler, and Scribe- are being refreshed with materials that lower the carbon impact of each product. This provides organizations with a partner that in turn helps position them to better manage their carbon footprint. "By transitioning our portfolio of conference room devices to a lower product carbon footprint, we are helping other companies navigate their sustainability challenges," said Prakash Arunkundrum, Chief Operating Officer at Logitech. "We're not only designing and manufacturing new products with recycled plastic and other lower carbon materials, but refreshing existing products to provide IT leaders with a new way to evaluate their workplace technology investment in conference room systems—one that includes people and planet. We do this without increasing prices or compromising the highest quality and performance companies expect from Logitech."

"By transitioning our portfolio of conference room devices to a lower product carbon footprint, we are helping other companies navigate their sustainability challenges," said Prakash Arunkundrum, Chief Operating Officer at Logitech. "We're not only designing and manufacturing new products with recycled plastic and other lower carbon materials, but refreshing existing products to provide IT leaders with a new way to evaluate their workplace technology investment in conference room systems - one that includes people and planet. We do this without increasing prices or compromising the highest quality and performance companies expect from Logitech." Efforts to reduce negative environmental impact have rapidly become a business imperative. In a recent survey of IT professionals by analyst firm Frost & Sullivan, 65% say that becoming a leader in environmental, social, governance and sustainability practices is a critical or very important business objective in the coming year.

Razer, the leading global lifestyle brand for gamers, has announced another major milestone in their commitment towards a sustainable future, with the inclusion of recycled materials in new PC products launching throughout 2024 and beyond. Focusing on its core PC peripherals, this new initiative covers three key categories: mice, keyboards, and headsets. Initially, only the models produced in Razer's signature black base colorway will feature recycled materials, with more product categories to be added over time.

Razer has been experimenting with the use of recycled materials in product manufacture, with two products already available. The Razer DeathAdder V2 X HyperSpeed gaming mouse contains 40% recycled materials, and the Razer Ornata V3 ergonomic clicky gaming keyboard has at least 20%. With these successful integrations of recycled materials, both products met the strict criteria to achieve the UL 2809 ECOLOGO label, an independently verified ecolabel certification from the world's leading testing, inspection and certification company, UL Solutions. Razer is now pushing the program out to encompass an even wider range of products, for all its core PC peripheral launches from the start of 2024 and onwards.

SEMI, the industry association serving the global electronics manufacturing and design supply chain, today announced that members of the new Semiconductor Climate Consortium (SCC) will discuss key aspects of the group's vision, goals and membership at two sessions during COP27 in Sharm El-Sheik, Egypt.

On Nov. 10 from 8:30am to 10:00am at Hotel Steigenberger Alcazar, the panel discussion SCC Collaboration for Solutions on Climate, with opening remarks by former U.S. Vice President Al Gore, will feature SCC founding members including ASM, ASMPT, Samsung Electronics and Schneider Electric discussing the importance of collaboration, transparency and reporting across the semiconductor value chain. Dr. Mousumi Bhat, Vice President of Sustainability Programs at SEMI, and Mark Patel, Senior Partner at McKinsey & Company, will also speak at the gathering.

SEMI, the industry association serving the global electronics manufacturing and design supply chain, and the new Semiconductor Climate Consortium (SCC), a group formed by companies across the semiconductor value chain to accelerate the ecosystem's reduction of greenhouse gas emissions, today announced more than 60 founding members of the Consortium.

Representatives from SCC member companies and SEMI will hold informational sessions November 8-10 during COP27 in Sharm El Sheik, Egypt. Requests to attend a session and for more information on the SCC can be sent to SCC@semi.org. The SCC is the first global collaborative of semiconductor ecosystem companies focused on reducing greenhouse gas emissions across the value chain. The consortium's members are committed to working toward the following pillars and objectives:

Following the recent passage of the U.S. CHIPS and Science Act last week, GlobalFoundries (Nasdaq: GFS) (GF), a global leader in feature-rich semiconductor manufacturing and Qualcomm Technologies, Inc. today announced they are more than doubling their existing strategic global long-term semiconductor manufacturing agreement previously entered into by GF's and Qualcomm's respective subsidiaries. Today's announcement secures wafer supply and commitments to support U.S.-based manufacturing through capacity expansion at GF's most advanced semiconductor manufacturing facility, in Malta, New York.

The announcement was made in Washington D.C. at a CEO Summit co-hosted by GF, Ford Motor Company, and Applied Materials, which included National Economic Council Director Brian Deese, Under Secretary of Defense for Acquisition & Sustainability Dr. William LaPlante, and National Security Council Senior Director for Technology & National Security, Tarun Chhabra underscoring the importance of domestic manufacturing to national and economic security. The Summit included CEOs and senior leaders from across the semiconductor supply chain from tool and wafer manufacturers to key suppliers to end users of chips manufactured in the U.S.

Iceotope, the global leader in Precision Immersion Cooling, has announced that its chassis-level cooling system is being demonstrated in the Intel Booth at HPE Discover 2022, the prestigious "Edge-to-cloud Conference". Ku:l Data Center is the product of a close collaboration between Iceotope, Intel and HPE and promises a faster path to net zero operations by reducing edge and data center energy use by nearly a third. Once the sole preserve of arcane, high performance computing applications, liquid cooling is increasingly seen as essential technology for reliable and efficient operations of any IT load in any location. There is a pressing concern about sustainability impacts as distributed edge computing environments proliferate to meet the demand for data processing nearer the point of use, as well as growing facility power and cooling consumption driven by AI augmentation and hotter chips.

Working together with Intel and HPE, Iceotope benchmarked the power consumption of a sample IT installation being cooled respectively using air and precision immersion liquid cooling. The results show a substantial advantage in favour of liquid cooling, reducing overall power use across IT and cooling infrastructure.

Samsung Electronics Co., Ltd., a world leader in advanced semiconductor technology, today announced that five of its memory products achieved global recognition for successfully reducing its carbon emission, while 20 additional memory products received carbon footprint certification. Samsung's automotive LED packages also had their carbon footprint verification, a first in the industry for automotive LED packages, further expanding Samsung's portfolio of eco-conscious "green chips".

"It is exciting to see our environmentally sustainable efforts receiving global acknowledgements," said Seong-dai Jang, Senior Vice President and Head of DS Corporate Sustainability Management Office at Samsung Electronics. "We will continue our path towards a sustainable future with 'greener' chips enabled by Samsung's cutting-edge technology."

Samsung Electronics Co., Ltd., a world leader in advanced semiconductor technology, today announced that four of its System LSI products received product carbon footprint label certification from the Carbon Trust, the first of Samsung's logic chips to do so. Having received the semiconductor industry's first carbon footprint accreditation for memory chips from the Carbon Trust in 2019, Samsung has now broadened its ESG (Environmental, Social, and Governance) spectrum with this global recognition of 'eco-friendly' logic chips. Samsung also grabbed the industry's first triple Carbon Trust Standard for Carbon, Water and Waste in June 2021.

The Carbon Trust is an independent and expert partner of organizations around the world that advises businesses on their opportunities in a sustainable, low carbon world. The Carbon Trust also measures and certifies the environmental footprint of organizations, supply chains and products. Of the various certification categories of the Carbon Trust, Samsung's System LSI products received the CO2 Measured product carbon footprint label. The label certifies the chip's carbon footprint, which informs consumers of the impact that the product and its manufacturing process have on the environment. Receiving the CO₂ Measured label is a critical first step for carbon reduction, since it verifies the current carbon emissions of the product with globally recognized specifications (PAS 2050), which Samsung can use as a benchmark to measure future carbon reductions.

Micron Technology, Inc. (Nasdaq: MU), today announced the successful closing of nearly $3.7 billion inaugural sustainability-linked credit facilities. The facilities, which create additional long-term value for Micron's stakeholders, reinforce the company's commitment to sustainability and 2030 environmental goals.

These facilities comprise a five-year $2.5 billion sustainability-linked revolving credit facility, which matures in May 2026, and a nearly $1.2 billion sustainability-linked term loan A, which matures in October 2024. The credit facility agreements refinance Micron's existing revolving credit and term loan A facilities with no impact to cash or debt balances while reducing future interest expense. Both the revolving credit facility and term loan A feature pricing adjustment mechanisms linking Micron's financial pricing to meeting the environmental targets the company has set for greenhouse gas (GHG) emission intensity, waste diversion from landfills and Responsible Business Alliance (RBA) score metrics. Crédit Agricole Corporate and Investment Bank (CIB) served as the sole sustainability structuring agent on both credit facilities.

This transaction reflects Micron's leadership in sustainable financing and positions the company as a top-five corporate sustainability-linked credit facility issuer in the U.S. while reaffirming Crédit Agricole CIB's role as a strategic investment bank and partner to global companies for sustainability.

This piece of news is slightly off the beaten path for our usual coverage of solely PC hardware or gaming, but I think that Samsung's overall size in the worldwide market merits a headline. Sustainability efforts have been increasing for a number of years now (albeit slower than many of us would like), and Samsung, being the giant corporation that it is with threads in all sorts of product lines, has taken a bold step in achieving environmental sustainability. Plastic used for product packaging is being phased out with recyclable, environmentally-friendly products. Some plastic usages will be kept, though even those will see a revised, recycled-plastic or bioplastic materials.