Sources: TSMC cuts ties with Singapore-based PowerAIR due to a potential breach of US export controls, after a TSMC chip was found in a Huawei AI processor
Che Pan / South China Morning Post :
Sources: the US spared China's top DRAM producer CXMT from its latest round of chip curbs because of Japan's opposition; Tokyo Electron is a major CXMT supplier
Che Pan / South China Morning Post :
China has been ASML's biggest market for four quarters in a row; China sales rose 21% YoY to €2.3B in Q2 2024 and accounted for 49% of ASML's Q1 and Q2 sales
here's why Nikita Prasad / Livemint : Tech-heavy Nasdaq hits two-week-low; Nvidia, ASML crash 4-8% from all-time high on tighter US trade curbs outlook DigiTimes : ASML performance surges amid TSMC in...
Sources: X-Epic, a Chinese EDA software maker for designing chips that had raised $121.7M as of March 2023, is laying off up to 50% staff amid market headwinds
Che Pan / South China Morning Post :
Sources: X-Epic, a Chinese EDA software maker for designing chips that had raised $121.7M as of March 2023, is laying off up to 50% staff amid market headwinds
Che Pan / South China Morning Post :
Alibaba's market cap drops to ~$196B, as the cloud and e-commerce company faces sluggish demand and intensified competition; Alibaba was valued at $850B in 2020
including an abandoned cloud spin-off plan—wipe billions from Alibaba's market cap Miguel Cordon / Tech in Asia : Alibaba shares drop 10% after it canceled cloud spin-off plans RTÉ : Alibaba's U-turn ...
SMIC reports Q4 revenue up 2.6% YoY to $1.6B, net profit down 26% YoY to $425.5M; 2022 revenue grew 34% YoY to $7.27B and it expects Q1 revenue to fall by 12%
Che Pan / South China Morning Post : Tweets: @pstasiatech Tweets: Paul Triolo / @pstasiatech : China's biggest foundry SMIC sees profits fall by one-fourth on waning demand for electronic gadgets SMI...
China's second-largest chip foundry Hua Hong signs a ~$6.7B wafer fab deal to produce 65nm, 55nm, 40nm, and other chips, as China pivots away from sub-14nm tech
Che Pan / South China Morning Post :
Tencent joins the open-source chip group RISC-V International as a premier member; 13 out of the 25 premier members are from China, including Huawei and ZTE
Che Pan / South China Morning Post : Tweets: @bgurley , @tariqkrim , and @bgurley Tweets: Bill Gurley / @bgurley : If you doubt the power of open source, watch what RISC-V accomplishes in next decade...
SMIC reports Q3 revenue up 34.7% YoY to $1.91B, with net profit up 54.1% YoY to $574.4M, and expects Q4 revenue to decline by 13% to 15% due to US sanctions
Che Pan / South China Morning Post :