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…
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…
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