SMIC


SMIC records first profit after listing on China’s tech board

SMIC records first profit after listing on China’s tech board

(ATF) SMIC, China's largest contract chipmaker, has recorded its first profit since listing on China’s Nasdaq-style STAR Market despite pressure from US sanctions. And local media say the firm has told customers they will face a 15-30% price rise amid the global chip shortage.The company recorded revenues of 27.5 billion …

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SMIC and Shenzhen govt to invest $2.35 billion in new foundry

SMIC and Shenzhen govt to invest $2.35 billion in new foundry

(ATF) China’s largest chipmaker Semiconductor Manufacturing International Corp (SMIC) said on Wednesday it planned to jointly invest in a $2.35-billion project with the government of Shenzhen to make 40,000 wafers per month in the southern Chinese city from 2022. SMIC said in a exchange filing that Shenzhen government company Shenzhen …

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Ant Group denies any connection to ‘Ant Coin’

Ant Group denies any connection to ‘Ant Coin’

(ATF) The continuous rise of bitcoin has once again brought fire to the virtual currency market. Recently, talk of a virtual currency called "Ant Coin Bitant" circulated widely on social media with claims that it was "led by Alibaba, endorsed by the central bank of China, and had participation by …

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China, US trade associations team up for dialogue on chips

China, US trade associations team up for dialogue on chips

(ATF) Chip stocks have rallied since China’s major trade association for the sector said it will set up a working group with its US-based counterpart, as analysts expect the tie-up to help fill a gap for dialogue as US President Joe Biden has shown no sign yet that he wants …

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China seeks self-sufficiency as chip shortage hits car production

China seeks self-sufficiency as chip shortage hits car production

(ATF) China strives to strengthen self-sufficiency of chips by matchmaking automakers and suppliers and stockpiling chipmaking machines as the global shortage of computer chips forces auto plants to halt production. However, analysts expect the disruption to auto production to continue until at least the third quarter.While Covid-19 has disrupted chipmaking …

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SMIC spending $9 bn to build China’s most-advanced wafer plant

SMIC spending $9 bn to build China’s most-advanced wafer plant

(ATF) The sub-14-nanometer wafer plant that Semiconductor Manufacturing International Co (SMIC) is spending $9.06 billion to build has been identified by the local government as a key project for 2021, as the country bids to boost its semiconductor supply chain amid ongoing US sanctions in the tech sector.Analysts say the …

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SMIC to expand mature technology amid US sanctions squeeze

SMIC to expand mature technology amid sanctions squeeze

(ATF) Chinese chipmaker Semiconductor Manufacturing International (SMIC) will allocate the majority of its $4.3 billion capital expenditure (capex) for 2021 to expand mature technologies to keep up with customer demand, as US sanctions have squeezed revenues from advanced processes and eroded margins.“At present, the foundry industry capacity is tight” outside …

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90 Chinese firms working to boost semiconductor supply chain

90 Chinese firms collaborate to grow local semiconductor supply chain

(ATF) China is mobilising 90 top tech companies and institutes such as Huawei, SMIC, Xiaomi, Tencent and Alibaba to focus on standards and ways to strengthen the domestic semiconductor supply chain amid ongoing US sanctions that restrict China’s access to advanced foreign technologies. The proposal, created by the China Electronics …

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SMIC allowed to continue trading in US OTC market till Feb 1

SMIC allowed to continue trading in US OTC market till Feb 1

(ATF) China's largest chipmaker Semiconductor Manufacturing International Corp (SMIC) said it has received a brief reprieve after being told last week that its shares would immediately be barred from the OTCQX Market, a US financial market for over-the-counter securities.In a filing with the Hong Kong Stock Exchange on Sunday, the …

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China strikes back at 'unjustified' foreign laws

China strikes back at 'unjustified' foreign laws

(ATF) China has hit back at 'unjustified' laws and sanctions imposed by the United States and other countries on Chinese companies or citizens. The move comes amid a trade war with the US and worsening ties with the Trump administration in Washington. The Ministry of Commerce in Beijing published new …

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