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…
FAST NEWS: SMIC forecasts continued gross margin decline
The Latest: Semiconductor Manufacturing International Corp. (SMIC)(0981.HK; 688981.SH) on Thursday reported a 68.9% year-on-year drop in its third-quarter profit to $71.79 million, as its gross margin plunged by 7.1 percentage points to 13.7%.…
Charged up by new investor BYD, BaTeLab cleared for IPO
China’s top maker of analog IC patterned wafers posted strong revenue and profit growth from 2020 to 2022, but the rates slowed sharply this year Key Takeaways: BaTeLab has been…
Chip breakthrough sends U.S. scrambling for new measures to stifle Huawei
Its groundbreaking Mate 60 model shows the Chinese smartphone maker may have dodged a U.S. tech blockade for now, but tougher sanctions may loom Key Takeaways: Huawei's latest smartphones are…
Weak electronics demand squeezes SMIC margins
China’s leading semiconductor manufacturer faces continued earnings pressure as the U.S. tightens sanctions and global demand for consumer electronics falters Key Takeaways: SMIC expects third-quarter revenue to grow 3% to…
Daylight ahead for China’s battered semiconductor sector?
Interim results from Chinese semiconductor companies suggest change for the better lies ahead for this group By Research-Select Major Chinese microchip maker Hua Hong Semiconductor Ltd. (1347.HK; 688347.SH) went…
Huawei: 5G comeback kid, or sucker for new sanctions?
The former smartphone superstar is reportedly planning to re-enter the 5G smartphone arena later this year, using domestic foundry SMIC to make its self-designed 5G chips Key Takeaways: Huawei reportedly…
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