Smic chips
China's massive older chip tech build up raises U.S. concern
Starting with the Trump administration, the United States has been tightening the noose around China's high-tech ambitions. It cut off the world's largest telecommunications firm Huawei Technologies from the U.S. market and technologies, as well as cut off air supply to China's advanced chip making through a series of rules this year.
Chinese chipmaker SMIC warns of impact from U.S. export controls
SMIC executives said that weak demand in the consumer market, coupled with new export controls from the United States, would weigh on its fourth-quarter results.
China's SMIC raises revenue expectations following strong Q1 as chip shortage boosts demand
SMIC reported sales of $1.1 billion in Q1 2021, a year-on-year increase of 22%, and gross profit reached $250 million, a 7.1% increase.
SMIC has had 'preliminary exchanges' with U.S. over export restrictions
Chinese chipmaker Semiconductor Manufacturing International Corporation has undertaken "preliminary exchanges" with the U.S. Bureau of Industry and Security regarding export restrictions, the company said on Sunday in a filing.
SMIC selloff downplays U.S.-China trade friction
The Hong Kong shares of chipmaking champion Semiconductor Manufacturing International (SMIC) plunged some 23% on Monday on news that the White House might blacklist it. The immediate financial hit looks manageable, but long-term prospects are darkening.
Chinese chipmaker denies military ties as US steps up feud
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.