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SMIC
SMIC
NEWS
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Manufacturers of less advanced legacy chips are slashing prices as capacity balloons
Jul.12 2024 19:06 PM
company-info
  • The semiconductor industry is experiencing contrasting trends: advanced process chips see high demand and soaring prices, while a global price war over mature process chips is intensifying.
  • SMIC reported a Q1 2024 revenue of $1.75 billion, up 4.3% QoQ, but faces fierce competition and a trend of increasing shipment volumes and decreasing average selling prices.
  • In response to a chip shortage, significant expansions in production capacity are occurring globally, particularly in mainland China, focusing mainly on mature processes, while advanced chips drive demand due to the AI boom.
May.25 2024 14:14 PM
company-info
The contract chipmaker booked $71.8 million of net income in the first quarter
May.10 2024 13:34 PM
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State-backed chipmaker’s third-quarter revenue and profits decline amid U.S. sanctions, despite hopes that new Huawei handsets would offset lost sales
Nov.10 2023 04:37 AM
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The weak outlook from China’s leading chipmaker comes even as it generated a record $7.27 billion in revenue last year
Feb.10 2023 20:12 PM
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Shein overtakes Amazon in U.S. downloads, Xiaomi to test self-driving cars
Aug.12 2022 20:21 PM
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SMIC reports net income of $514.3 million for the second quarter on revenue of $1.9 billion even as semiconductor demand crumbles
Aug.12 2022 02:20 AM
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How the multibillion-dollar industrial incubator supported the government’s plan to make China a self-sufficient semiconductor powerhouse
Aug.10 2022 15:39 PM
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Wave of detentions and probes of executives call into question the future of the largest chip investment fund and the domestic industry
Aug.8 2022 07:52 AM
company-info
Broadened restrictions will further disrupt China’s push to build up its homegrown capacity for advanced electronics technology
Aug.2 2022 03:45 AM
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SMIC has advanced its production technology by two generations, industry watchers say
Jul.22 2022 15:48 PM
company-info
Washington’s proposed restriction would expand an existing moratorium on the sale of the most advanced systems to China, in an attempt to thwart the country’s plans to become a world leader in chip production
Jul.6 2022 15:51 PM
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CATL licenses battery technology to Thai firm, Jack Ma makes rare public appearance at Alibaba event
May.13 2022 20:15 PM
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How the city’s Covid flare-up is throwing a wrench into the gears of China’s business engine as 25 million residents struggle to meet basic needs
Apr.18 2022 08:14 AM
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As Apply suppliers Quanta and Pegatron suspend output, Biren, SMIC and Hua Hong dodge restrictions by having workers live in factories and offices
Apr.14 2022 06:03 AM
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EHang seeks to get its flying cars deemed airworthy, Hisense to establish R&D centers in the U.S. and Japan
Apr.1 2022 20:54 PM
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TuSimple to split in two, Chinese company to make Benz batteries
Mar.18 2022 20:46 PM
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SF Express-backed unmanned vending machine startup raises $47 million, Jinko Power wins $209 million bid for solar project in Saudi Arabia
Feb.11 2022 20:23 PM
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The contract chip manufacturer saw gross profit margins grow to 35% in the fourth quarter from 18% in the same period of 2020
Feb.11 2022 20:23 PM
company-info
SMIC, Wuxi Biologics drag down Hang Seng as American officials weigh escalation of restrictions on Chinese companies
Dec.16 2021 05:38 AM