All articles tagged with #smic
Lip-Bu Tan, CEO of Intel, has a long history of investing in Chinese companies, including SMIC and Cadence, which has drawn scrutiny amid US-China tensions and calls for his resignation. Despite divesting some holdings, his past Chinese business dealings continue to attract political criticism, highlighting the complex relationship between US tech leaders and China.
Huawei's latest laptop uses a 7nm chip built with technology similar to that in its 2021 flagship, indicating US sanctions continue to hinder China's development of advanced semiconductor technology, with industry experts noting that China still faces significant challenges in catching up to leading chip manufacturing nodes like 5nm and 2nm.
Huawei has not yet transitioned to SMIC's 5nm process due to reliance on older 7nm technology and export restrictions on advanced EUV equipment, which delays the development of next-generation chipsets and widens the technological gap with global competitors.
Taiwan has placed export controls on Chinese companies Huawei and SMIC, requiring government approval for shipments of high-tech commodities, which could hinder their access to resources needed for AI chip development and impact China's semiconductor advancements.
Taiwan has added China's Huawei and SMIC to its export control list, requiring government approval for exports to these companies, amid ongoing tensions over technology and chip manufacturing. The move targets Chinese tech firms involved in the semiconductor race, reflecting Taiwan's efforts to curb Chinese technological advances and protect its own chip industry, especially TSMC, the world's largest contract chipmaker.
Taiwan has added Huawei and SMIC to its strategic high-tech commodities entity list, imposing export controls that restrict their access to Taiwanese technology and materials crucial for AI semiconductor development, further intensifying the chip war and geopolitical tensions between Taiwan, China, and the US.
Stock futures were little changed as investors analyzed quarterly results, with Snap shares dropping over 31% after missing revenue estimates, while Ford gained over 6% on beating estimates and announcing a special dividend. Hong Kong-listed China EV stocks rose after Beijing's plan to boost the sector's growth, while SMIC, China's biggest chipmaker, warned of persistent challenges in 2024. Kakaobank shares jumped as Q4 profit rose and customer base grew, and Australian energy firm Santos was the biggest loser on the ASX after merger talks with Woodside ended. ESPN, Warner Bros. Discovery, and Fox plan to launch a joint sports streaming service later this year.
Despite US efforts to restrict China's access to advanced chipmaking technologies, China's largest chipmaker, SMIC, is close to mass-producing 5 nm chips for Huawei smartphones using existing US and Dutch-made equipment. This move supports Beijing's goal of chip self-sufficiency and shows gradual progress in China's semiconductor industry. However, SMIC is facing lower yields and increased production costs compared to Taiwan's TSMC. The fate of China's chip industry and its technological development will depend on the success of these production lines.
Huawei, facing crippling sanctions from the US, partnered with Semiconductor Manufacturing International Corporation (SMIC) to develop a new smartphone chip called Charlotte, later known as the Kirin 9000S. Despite challenges and restrictions, the Kirin 9000S offered comparable performance to Qualcomm chips. The release of the Mate 60 series phone powered by the Kirin 9000S was met with enthusiasm in China, while US officials expressed surprise and sought more information. The success of the Kirin 9000S raises questions about China's ability to compete in the semiconductor industry and achieve global technological supremacy amidst ongoing geopolitical challenges.
South Korea's Kospi closed 0.72% lower, while the Kosdaq ended 1.69% lower. Japan's Nikkei 225 fell 0.24%, Hong Kong's Hang Seng index shed 1.74%, and China's CSI 300 index closed 0.73% lower. Australia's S&P/ASX 200 ended 0.55% lower. China's largest chipmaker, SMIC, posted an 80% drop in third-quarter profit. Wynn Macau shares slid 9.33% as the company faces a strike in Las Vegas. SoftBank shares plunged 7.39% due to a $6.2 billion quarterly loss amid the WeWork collapse. New Zealand's manufacturing sector contracted for the eighth straight month. Fed Chair Jerome Powell expressed concerns about inflation, and the 10-year U.S. Treasury yield rose after weak demand for a bond auction. Federal Reserve Governor Michelle Bowman expects interest rates to rise, while Richmond Fed President Thomas Barkin sees a potential slowdown in the economy.
China's largest chipmaker, SMIC, reported an 80% drop in third-quarter profit due to weak global demand, with net income falling to $93.98 million, below analysts' expectations. SMIC, seen as crucial to China's ambitions in the semiconductor industry, has been impacted by a slump in demand for certain chips used in consumer products. The company also faces challenges from US restrictions on technology and exports. However, there are signs of a chip recovery, with global semiconductor sales increasing 1.9% in September. SMIC expects fourth-quarter revenue to rise by 1% to 3% from the third quarter.
The US will not be able to prevent Chinese companies like Semiconductor Manufacturing International Corp. (SMIC) and Huawei Technologies from advancing in chip technology, according to Burn J. Lin, a former vice president at Taiwan Semiconductor Manufacturing Co. (TSMC). SMIC and Huawei have already demonstrated their ability to produce sophisticated silicon using existing machines, and they may continue to experiment with new materials and chip packaging to further enhance their semiconductor capabilities. Lin argues that instead of trying to limit China's progress, the US should focus on maintaining its chip design leadership.
Ten Republican lawmakers, including House Foreign Affairs Committee Chairman Michael McCaul, have called on the Commerce Department to impose heavier sanctions on China's Huawei Technologies and Semiconductor Manufacturing International Corp. (SMIC) after the companies displayed a domestically manufactured advanced smartphone chip, allegedly violating U.S. export controls. The lawmakers' letter suggests seven measures to tighten sanctions against China's chip industry, including setting up a China-facing sanctions authority, revoking existing export licenses, and pursuing criminal charges against executives. The letter addresses concerns about the effectiveness of export controls and the potential for U.S. technology to filter to China. The Commerce Department, Huawei, and SMIC have not yet responded to the letter.
Huawei's latest smartphone, the Mate 60 Pro, is powered by an advanced 7-nanometer Kirin 9000s chip developed by China's top chipmaker, Semiconductor Manufacturing International Corp (SMIC). This marks a breakthrough for China's domestic chip ecosystem, as it is the first processor to utilize SMIC's most advanced 7nm technology. The development comes as a response to the US restrictions on Huawei's access to chipmaking tools, and it showcases China's ability to produce high-performance chips independently. The Mate 60 Pro has been receiving positive reviews, with users reporting impressive download speeds exceeding those of top-line 5G phones.
Huawei's latest smartphone, the Mate 60 Pro, is powered by an advanced 7-nanometer processor called Kirin 9000s, which was developed by China's top chipmaker SMIC. This marks a significant breakthrough for China's domestic chip ecosystem, as it is the first processor to utilize SMIC's most advanced 7nm technology. The development comes as a response to the US restrictions on Huawei's access to chipmaking tools, and it showcases China's ability to produce high-performance chips independently.