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Why the World Is Short of Computer Chips, and Why It Matters

Why the World Is Short of Computer Chips, and Why It Matters
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US delays ban on China military-linked stocks

US delays ban on China military-linked stocks
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China s SMIC raises revenue expectations following strong Q1 as chip shortage boosts demand

TechnologyChina s SMIC raises revenue expectations following strong Q1 as chip shortage boosts demand Reuters 2 minute read A logo of Semiconductor Manufacturing International Corporation (SMIC) is seen at China International Semiconductor Expo (IC China 2020) in Shanghai, China October 14, 2020. REUTERS/Aly Song/File Photo China s Semiconductor Manufacturing International Corp (SMIC) (0981.HK) said on Friday that demand for chips exceeds supply, and raised its expectations for sales for the first half of the year. Our current capacity could not fulfill customer needs, and products in every market segment faced shortages, Zhao Haijun, co-chief executive of SMIC, said in a company earnings call. 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.

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China s SMIC raises revenue expectations following strong first quarter as chip shortage boosts demand

China s SMIC raises revenue expectations following strong first quarter as chip shortage boosts demand Toggle share menu Advertisement China s SMIC raises revenue expectations following strong first quarter as chip shortage boosts demand China s Semiconductor Manufacturing International Corp (SMIC) said on Friday that demand for chips exceeds supply, and raised its expectations for sales for the first half of the year. FILE PHOTO: A logo of Semiconductor Manufacturing International Corporation (SMIC) is seen at China International Semiconductor Expo (IC China 2020) in Shanghai, China October 14, 2020. REUTERS/Aly Song/File Photo 14 May 2021 10:56AM Share this content Bookmark SHANGHAI: China s Semiconductor Manufacturing International Corp (SMIC) said on Friday that demand for chips exceeds supply, and raised its expectations for sales for the first half of the year.

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Qualcomm sees revenue, profits above estimates as supply chain improves | Money

Thursday, 29 Apr 2021 03:53 PM MYT Qualcomm shares rose 5.4 per cent to US$144 in extended trading. Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. SAN FRANCISCO, April 29 Qualcomm Inc yesterday forecast current-quarter sales and adjusted profits above Wall Street estimates, with executives saying they see supply constraints easing as smartphone buyers upgrade to 5G and former Huawei Technologies Co Ltd customers migrate to Qualcomm-chip phones. Qualcomm shares rose 5.4 per cent to US$144 (RM590.76) in extended trading. Qualcomm is the world’s biggest supplier of smartphone chips, providing key components for 5G connectivity. The San Diego, California-based company has resolved protracted legal fights with regulators and regained iPhone maker Apple Inc as a customer.

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