SMIC’s profit triples in second quarter on higher chip prices, lower costs
Leading Chinese contract chipmaker Semiconductor Manufacturing International Corp. (SMIC)(0981.HK; 688981.SH) on Thursday reported strong revenue and profit growth in the second quarter, as AI-fueled demand remained strong for its cutting-edge…
Basic Semi to raise prices up to 25% on strong demand from AI, NEVs
Silicon carbide (SiC) power device maker Basic Semiconductor Co. Ltd. (9971.HK) said on Monday it will adjust prices on select products starting in the third quarter, as rapid global growth…
BRIEF: Fortior shares jump in Hong Kong trading debut
Shares of microchip maker Fortior Technology (Shenzhen) Co. Ltd. (1304.HK; 688279.SH) jumped 16% in their Hong Kong trading debut on Wednesday to close at HK$139.80, as the company became the…
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…
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