Qidian Guofeng tries on ‘AI halo’ in move to boost business
The company, which is developing an online-merge-offline (OMO) new consumption platform, swung to a 2.23 billion yuan loss last year on asset impairments Key Takeaways: Qidian Guofeng has signed a…
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…
BRIEF: TSMC’s profit jumps in first quarter, unaffected by tariff impact
Taiwan Semiconductor Manufacturing Co. Ltd. (TSM.US; 2330.TW) reported on Thursday its revenue reached T$839.25 billion ($25.53 billion) in the first quarter, up 35.3% year-on-year. Its net profit rose for the…
TSMC profits from AI development, no matter which way political winds blow
Despite being continually caught in tensions between the U.S. and China, the Taiwanese chipmaker’s latest results demonstrate its prowess as an AI powerhouse Key Takeaways: TSMC reported revenue of $26.88…
BRIEF: Taiwan lifts advanced chip manufacturing export restrictions for U.S.
TSMC’s (2330.TW; TSM.US) decision on whether to use its most advanced 2nm process at its new U.S. fabs is one for the company to make, Taiwan’s Economic Affairs minister J.W.…
BRIEF:U.S. asks TSMC to halt AI chip shipments to China – report
The U.S. Department of Commerce sent a letter to Taiwan Semiconductor Manufacturing Co. (TSMC) (2330.TW; TSM.US) requesting it to stop supplying sub-7nm chips to customers in Mainland China starting from…
Industry woes chip away at ASMPT, with little relief in sight
The chip packaging equipment maker’s profit nearly evaporated in the third quarter, marking its fifth consecutive quarter of declines Key Takeaways: ASMPT’s profit fell 98% in the third quarter, and…
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