Weekly news roundup: Chinese semiconductor companies rally in full force to boost Huawei chips
These are the most-read DIGITIMES Asia stories in the week of May 13 – May 17.
Source: digitimes.com
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China's top chipmaker SMIC cautious on recovery expectations; shares dip
China's largest chipmaker SMIC said the global semiconductor industry was seeing some bright spots after a year-long slump, but growth would be mild as the demand recovery was insufficient to...
Source: marketscreener.com
China's chip champion SMIC reports slump in revenue, income for 2023 amid weak market, stiff competition
Semiconductor Manufacturing International Corp, China’s top contract chip maker, reported lower revenue and net income for 2023 amid weaker global demand, stiff competition and high inventories.
Source: scmp.com
China's chipmaking champion struggles —SMIC fab warns that it could see declined profits due to increasingly tense economy and geopolitics
Though SMIC's Q4 results beat expectations, the foundry says 2024 could be challenging due to the economy and politics.
Source: tomshardware.com
Smartphone demand isn't recovering yet, says Huawei chipmaker
As global powers try to create independence in chip fabrication, supply might be exceeding smartphone demand.
Source: androidheadlines.com