Yang said the U.S. accounted for less than 20% of Lenovo's total revenue, and that the tariffs on Chinese goods had not had much impact on its business so far due to its global manufacturing footprint. Net profit attributable to shareholders more than doubled year-on-year to $505 million, well above the consensus estimate of $307.7 million. AI PC accounted for more than 30% of all Lenovo PC shipments in the first quarter, according to Yang. Lenovo's AI server business grew 150% in the first quarter on strong local demand. "We see strong pipeline in AI servers," Yang said. China has recently advised major internet firms to exercise caution when purchasing Nvidia H20 chips and to consider domestic alternatives, after Trump approved the resumption of H20 chip sales to China.