SMIC

On Sunday, Taiwan added Chinese tech giants Huawei Technologies and Semiconductor Manufacturing International Corp. (SMIC) to its strategic export control list, signaling escalating efforts to restrict Beijing's access to advanced chip technologies. What Happened: Taiwan's Ministry of Economic...

China's reported breakthrough in producing 5-nanometer chips without extreme ultraviolet (EUV) lithography has sparked warnings from tech leaders. What Happened: On Wednesday, William Huo, Intel Corp's (NASDAQ:INTC) first chief representative in Beijing, took to X, formerly Twitter, and highlighted...

Taiwanese authorities are investigating whether China's largest chipmaker, Semiconductor Manufacturing International Corp. (SMIC), used a shell company posing as a Samoan company to lure tech talent from the island's semiconductor sector. What Happened: Taiwan's Ministry of Justice Investigation...

China’s Semiconductor Manufacturing International Corp. has reportedly been ramping up its chip production with domestic tools, a move that could potentially counteract U.S. export restrictions. What Happened: SMIC, China’s leading chip manufacturer, is incorporating homegrown...

China’s Semiconductor Manufacturing International Corp has reported a significant drop in its profit margin, reaching its lowest level since 2009. The company expects further decline as it expands its capacity to meet the growing demand from Huawei Technologies Co. and other clients. What...

China’s largest chipmaker, Semiconductor Manufacturing International Corp (SMIC), has managed to produce more sophisticated chips despite U.S. sanctions. However, the company still faces significant hurdles in its quest for semiconductor self-sufficiency. What Happened: Despite U.S. sanctions...

Semiconductor Manufacturing International Co. (SMIC), the largest chipmaker in China, has reported a severe 80% fall in its third-quarter profits. What Happened: The profit decline is attributed to a global demand weakness affecting foundries. The net income for the quarter ending in September...

Chinese scientists, in collaboration with China’s Semiconductor Manufacturing International Corporation, have developed a new chip that outperforms current high-performance artificial intelligence chips, such as those produced by Nvidia Corp (NASDAQ: NVDA), in tasks like...

Huawei Technologies Co is strategizing to double its smartphone sales in 2024, aiming to ship 60 to 70 million units, despite the looming threat of intensified U.S. restrictions.  The Apple Inc (NASDAQ: AAPL) rival has been amassing a stockpile of essential components...

China's latest effort to bolster its semiconductor industry faces challenges in its initial stages, struggling to meet its RMB300 billion ($41 billion) target, with economic hardships cited as the primary reason.  This funding round, the most ambitious by China, comes after...

Key Takeaways: SMIC expects third-quarter revenue to grow 3% to 5% quarter on quarter, but predicts a seventh straight quarterly fall in gross margin to between 18% and 20% The chip maker’s revenue and net profit in the second quarter beat market estimates    By Ken Lo Leading...

The Past Week, In A Nutshell What Happened: Despite a volatile week, U.S. index futures managed to establish new all-time highs. Remember This: “In the longer term, the good news is that vaccines are now rolling out increasingly quickly,” said Brad McMillan, chief investment officer at...