Investors in China are turning to semiconductors, renewable energy, and consumer-focused firms in the belief they offer safe-harbour from a blizzard of regulatory action that has battered confidence and forced funds to overhaul their portfolios. Money managers view months of crackdowns that have hammered shares in sectors from tutoring to big tech as part of … Read more
Some of the world’s biggest chip buyers, including Apple, Microsoft, and Alphabet’s Google, are joining top chip-makers such as Intel to create a new lobbying group to press for government chip manufacturing subsidies. The newly formed Semiconductors in America Coalition, which also includes Amazon’s Amazon Web Services, said Tuesday it has asked US lawmakers to … Read more
Apple has been lobbying the US government on tax breaks to support domestic chip production, suggesting the iPhone maker is keen to move more of its supply chain to the US. In second- and third-quarter disclosure reports, the company said it lobbied officials from the Treasury Department, Congress and the White House on tax topics … Read more
Taiwan Semiconductor Manufacturing hiked its revenue outlook after logging record quarterly profit, and painted a bullish picture of demand picking up over the next two years as advanced technologies are adopted more widely. The chip sector has been one of the rare industries benefiting from the coronavirus pandemic with more people investing in premium devices as … Read more
Chinese chipmaker Semiconductor Manufacturing International Corporation (SMIC) has undertaken “preliminary exchanges” with the US Bureau of Industry and Security regarding export restrictions, the company said on Sunday in a filing. “The Company is conducting assessments on the relevant impact of such export restrictions on the company’s production and operation activities,” the filing to the Hong … Read more
Chinese telecom giant Huawei said on Wednesday its supply chain was under attack from the United States and called on Washington to reconsider its trade restrictions which were hurting suppliers globally. The world’s biggest maker of mobile telecommunications equipment and smartphones is under pressure from US trade curbs designed to choke Huawei’s access to commercially … Read more
A Huawei executive says that recent US sanctions against the company have caused a shortage of computer chips for the company, hurting the growth of its smartphone business. Richard Yu, president of Huawei’s consumer business, said at a company conference for developers on Thursday that the company has still managed to gain a 51 percent market … Read more
China’s leading maker of semiconductors has denied it has any links to the military following reports Washington is considering stepping up its feud with Beijing over technology and security by imposing export controls that could disrupt manufacturing for a national industrial champion. US regulators are considering adding Semiconductor Manufacturing International (SMIC) to a list of … Read more
Nvidia on Tuesday announced a series of powerful gaming chips it designed using new memory tech from Micron and that it is having manufactured by Samsung. The Santa Clara, California-based company said its GeForce RTX 3090, 3080 and 3070 chips will improve video game graphics with twice the performance and nearly twice the power efficiency … Read more