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China's largest chipmaker Semiconductor Manufacturing International Corp (SMIC) on Tuesday reported a 55% fall in fourth-quarter profit, missing analyst expectations as it cited weak global demand and fierce industry competition. Unaudited profit attributable to owners of the company during the quarter came in at $174.68 million, down from $385.53 million in the quarter and missing the consensus estimate of $277 million, according to the LSEG poll of analysts. Revenue for the quarter rose 3.5% to $1.68 billion, slightly above the consensus revenue estimate of 1.66 billion yuan in the po...

Apple will likely continue to face pressure in China going forward. Jefferies analysts predict Apple's shipments in China will decline by a double digit percentage in 2024.

Apple's weak China sales performance may have shocked investors, but customers and analysts have been noting the rising challenges the company faces in its third-largest market. ...

Nvidia has started taking pre-orders for a new China-specific artificial intelligence (AI) chip from distributors who are pricing it on par with a rival product from Huawei, sources familiar with the matter said. The graphics card, the H20, is the most powerful of three Nvidia has been developing for the Chinese market after the U.S. expanded bans on high-end chip exports, aiming to hamper China's ability to develop AI and sophisticated computers for its military. The H20 will naturally deliver less computing power than Nvidia's flagship H100 AI chip and the H800 - the later China-...

Nvidia has started taking pre-orders for a new China-specific artificial intelligence chip from distributors who are pricing it on par with a rival product from Huawei, sources familiar with...