Cambricon to raise $700 million in race to build a Chinese AI chip leader
The advanced chipmaker has posted strong recent revenue growth and became profitable at the end of last year, as it recovers from U.S. sanctions Key Takeaways: Cambricon aims to raise…
Magnate’s downfall spotlights China’s troubled chip love affair, in life and in death
Zhao Weiguo, former chairman of the once highflying Tsinghua Unigroup, received a suspended death sentence last week for corruption Key Takeaways: The rise and fall of Zhao Weiguo, who was…
BRIEF: SMIC’s fourth-quarter revenue jumps, but profit falls
Semiconductor Manufacturing International Corp. (0981.HK; 688981.SH) said on Tuesday its revenue jumped 31.5% year-on-year to $2.21 billion in last year’s fourth quarter from $1.68 billion a year earlier on strong…
ACM Research straddles growing U.S.-China microchip divide
The California-based manufacturer of chipmaking equipment is growing quickly on demand from China, even as its strong Chinese ties become increasingly tricky Key Takeaways: ACM Research, a U.S.-based chip equipment…
INDUSTRY BRIEF: Chinese chip-equipment buying surges in first half of 2024
China purchased a record $25 billion worth of equipment used to make high-tech microchips in the first half of 2024, more than Taiwan, the U.S. and South Korea combined. Among…
NEWS BRIEF: SMIC revenue up 22%, gross profit down 16% in Q2
Leading Chinese microchip maker SMIC (0981.HK; 688981.SH) said its revenue rose to $1.9 billion in the second quarter from $1.56 billion yuan a year earlier, while its gross profit dropped…
U.S. tightens noose on outbound investment in cutting-edge China tech
A new executive order by President Joe Biden is the latest step by Washington to choke off U.S. funding for Chinese startups in sensitive areas like AI and microchips Key…
Recent Articles
BRIEF: SMIC’s fourth-quarter revenue jumps, but profit falls
0981.HK
688981.SHG
ACM Research straddles growing U.S.-China microchip divide
ACMR.US
688082.SHG
NEWS BRIEF: SMIC revenue up 22%, gross profit down 16% in Q2
0981.HK
688981.SHG
RELATED ARTICLES
-
Huawei rings up improbable comeback as revenue soars
- Magnate’s downfall spotlights China’s troubled chip love affair, in life and in death
- Huawei turns up HarmonyOS volume with launch of PC edition
-
TSMC profits from AI development, no matter which way political winds blow
2330.TW TSM.US
- Russia’s Chinese car indigestion, and the fall of a Chinese chip magnate
- Fortior hopes to ride China chip wave to high valuation
- Novosense eyes Hong Kong IPO as competition chips away at its cash
