April 28, 2021
Huawei sales fell for the second quarter in a row as the Chinese telecom giant’s mobile phone business is buffeted by geopolitical tensions between China and the West.
As a private company, Huawei is not subject to the same strict reporting requirements as its publicly listed rivals. Its quarterly earnings reports typically disclose only unaudited revenue and net profit margin numbers. They are:
152.2 billion yuan ($23.5 billion) in sales revenue in the first three months of the year, a 16.5% decrease from the same time last year, when it reported revenue of 182.2 billion yuan.
An 11.1% year-on-year increase in net profit margin, which Huawei attributed to a $600 million check from a patent license and “ongoing efforts to improve quality of operations and management efficiency.”
iTWire Monday, 26 April 2021 07:42 TSMC founder casts doubts on success of planned Arizona plant Featured One of the TSMC fabs. Courtesy TSMC
The founder of the world s biggest semiconductor fab says it may be impossible to replicate what has been done in Taiwan in other parts of the world, including the US.
Morris Chang, the man behind Taiwan Semiconductor Manufacturing Company, told a seminar last week that his company was at the top due to certain fundamentals which he was unsure could be repeated in other parts of the world.
In particular, Chang said, there were challenges to setting up a plant in Arizona, a US$12 billion (A$15.5 billion) plan which was pledged during the days of the Trump administration as the US sought to sideline China in its pursuit of chip sources. The Arizona plant was
Not only have the tariffs and sanctions failed to achieve their aims, but they also undermine America's long-term interests in East Asia.. Read more at straitstimes.com.
China trade: rebound continues as imports surge 38.1 per cent in March, exports up 30.6 per cent
Exports grew by 30.6 per cent in March compared to a year earlier, partly skewed by low base from 2020
Imports grew by 38.1 per cent in March from a year earlier to US$227.34 billion, well above expectations of 24.5 per cent growth
The Straits Times
S pore cannot be caught napping in rivalry between US and China
Little that Republic can do to influence events, but its people need to understand forces at work, and how all this will affect their country
Editor-at-Large
With American economic dominance waning and its power challenged by a rising China, both parties want changes made.PHOTO: REUTERS
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