# Who does Lenovo pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/lenovo · Facet: suppliers · Updated: 2026-09-12T00:51:24.212132+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Lenovo's confirmed suppliers/cost counterparties include NVIDIA, Intel plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 3 cost edges, backed by 3 dated sources, 1 of them primary filings (as of 2026-09-12).

### NVIDIA (high)  → /nvidia.md
- note: Builds AI servers (ThinkSystem) with NVIDIA GPUs.
- [confirms] Lenovo/HKEX (EN, filing, published 2026-05-22) https://www.lenovo.com/ww/investor-relations/: "Lenovo annual/IR: ISG AI-server revenue and GPU sourcing."
- [confirms] EBC (EN, news, published 2026-05-01) https://www.ebc.com/forex/lenovo-stock-ai-server-pipeline-record-high: "Builds AI servers (ThinkSystem) with NVIDIA GPUs."
- [confirms] TheElec (KO, news, published 2026-01-01) https://www.thelec.kr/news/articleView.html?idxno=51295: "Builds AI servers (ThinkSystem) with NVIDIA GPUs."

### Intel (mid)  → /intel.md
- note: Sources Intel CPUs for PCs and servers — the key upstream component for x86 PCs and servers.
- [confirms] EBC (EN, news, published 2026-05-01) https://www.ebc.com/forex/lenovo-stock-ai-server-pipeline-record-high: "Lenovo PCs/servers use Intel CPUs."

### 메모리·부품 (비공개) (low)
- note: Sources memory and components for servers/PCs — the memory price cycle is a cost variable.
- [confirms] EBC (EN, news, published 2026-05-01) https://www.ebc.com/forex/lenovo-stock-ai-server-pipeline-record-high: "Sources server/PC components."

Reverse side: https://valuechain.wiki/lenovo/customers.md · Ripple: https://valuechain.wiki/lenovo/ripple.md

---
Full node: https://valuechain.wiki/lenovo.md · JSON: https://valuechain.wiki/lenovo.json