Lenovo's Infrastructure Solutions Group (ISG) head Kirk Skaugen has departed, with senior executives stepping in. ISG experienced a decline in revenue in FY 24.
Lenovo's acquisition of IBM x86 server business in 2014 didn't lead to expected success. Initially, Lenovo mistakenly leveraged PC sales team for datacenter servers, resulting in lower server revenue.
Lenovo's ISG unit revamped its structure, introduced new products, and focused on services like IT-as-a-service and supercomputing. It achieved profit in 2022 after strategic changes.
Lenovo attributed the FY 24 loss in ISG to the global IT shift towards AI deployment, causing disparities in infrastructure investment and AI GPU supply, impacting non-AI equipment spending.
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