The Shanghai-based chipmaker said its third-quarter revenue rose 34 per cent from a year earlier to US$2.17 billion. Net profit for the quarter reached US$148.8 million, up 58.3 per cent from a year earlier. “The company achieved for the first time more than US$2 billion in quarterly revenue during the third quarter, representing a record…
Michael McCaul, chair of the House Foreign Affairs Committee, urged US Commerce Department agents to visit SMIC’s facilities and check whether the company is illegally producing chips for Huawei Technologies, the sanctioned telecommunications equipment company seen as a national champion within China’s chip industry. In a November 4 letter seen by Reuters, McCaul described what…
Last week, eight US senators urged President Joe Biden to order a security review of the global network of undersea communications cables, citing the “threat of sabotage” by Russia – and China. It was just the latest expression of US concern over China’s potential espionage in handling network traffic, an accusation Beijing has repeatedly rejected….
China’s smartphone market is on track to record its first annual sales growth in five years, according to Counterpoint Research, which placed Apple out of the top-five domestic rankings in the third quarter. Sales in the world’s largest smartphone market rose 2.3 per cent year on year in the September quarter, marking four consecutive quarters…
In the third instalment of a three-part series on China’s electric vehicles, Daniel Ren and Yujie Xue look at why smartphone makers are finding success in the EV market. Read the first and second parts. On a cloudy afternoon in September, in a gleaming, ultra-modern Xiaomi electric vehicle (EV) showroom in Shanghai, Justin Weng was…
Huawei Technologies has opened a massive campus in a suburb of Shanghai, which serves as a base to promote innovations for China’s technology self-sufficiency drive, as the company demonstrates its resilience under US sanctions. The Lianqiu Lake campus, which boasts a floor area more than 10 times larger than that of Alphabet’s Googleplex headquarters in…
China’s “little giants” are at the vanguard of its next technological leap. The number of these small and medium-sized enterprises, nurtured under the 14th five-year plan to lead in advanced tech sectors, has exceeded the government’s target. The government aims to accelerate their growth further with expanded capital access. But their leap from innovation to…
Biden administration officials have discussed capping sales of advanced AI chips from Nvidia and other American companies on a country-specific basis, people familiar with the matter said, a move that would limit some nations’ artificial intelligence capabilities. The new approach would set a ceiling on export licenses for certain countries in the interest of national…
Chinese authorities have informally advised local companies to use domestic-made artificial intelligence (AI) chips over those from Nvidia, according to two sources familiar with the matter, as alternative suppliers on the mainland look to catch up with the US tech giant. While there is no official ban on Nvidia’s China-tailored H20 graphics processing unit (GPU),…
Chinese authorities have informally advised local companies to use domestic-made artificial intelligence (AI) chips over those from Nvidia, according to two sources familiar with the matter, as alternative suppliers on the mainland look to catch up with the US tech giant. While there is no official ban on Nvidia’s China-tailored H20 graphics processing unit (GPU),…