Huawei is allegedly building a self-sufficient chip network using state investment fund

We’ve seen Huawei’s surprising strides with its recent smartphones — especially the in-house 7nm 5G processor within, but apparently the company has been working on something far more significant to bypass the US import ban. According to a new Bloomberg investigation, a Shenzhen city government investment fund created in 2019 has been helping Huawei build … Read more

China’s SMIC posts a 80% drop in third-quarter profit

BEIJING, CHINA – DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images) Vcg | Visual China Group | Getty Images China’s largest chipmaker SMIC on Thursday posted a 80% drop in third-quarter profit as … Read more

China’s largest chipmaker SMIC posts first income fall in 3 years

SMIC has been hit with U.S. sanctions however its enterprise has continued to develop. Nonetheless, China’s largest chipmaker nonetheless faces a problem catching up with rivals corresponding to TSMC. Qilai Shen | Bloomberg | Getty Photographs China’s largest semiconductor manufacturing agency SMIC on Friday posted its first decline in quarterly income in additional than three … Read more