LNVGF - Lenovo Caught In A 'Thucydides Trap' Between An Old Power And A Rising One
2024-02-06 04:27:00 ET
Summary
- Lenovo’s shares nosedived after publication of an article citing a research organization saying the U.S. should ban the company’s computers.
- Concerns are growing that weak Lenovo sales may have been a factor behind chip giant Intel’s recent worse-than-expected first-quarter revenue forecast.
- A Newsweek article quoted a research group saying the company’s PCs could pose a risk to U.S. national security and advised banning them.
The Greek historian Thucydides once pointed out that “It was the rise of Athens, and the fear that this instilled in Sparta, that made war inevitable” between the two historic rivals....
Lenovo Caught In A 'Thucydides Trap' Between An Old Power And A Rising One