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…
Wuxin Tech Hopes IoT Focus Will Divert Attention from Chinese Roots in U.S. IPO Bid
The maker of chips used in internet-of-things devices is seeking a U.S. listing just as Chinese state-owned giants are pulling from the market amid China-U.S. tensions Key Takeaways: Wuxin Technology…
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