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A top Republican lawmaker has accused the Biden administration of not doing enough to prevent China's Semiconductor Manufacturing International Corp (SMIC) from strengthening the country's ...
BEIJING (Reuters) -SMIC, China's largest contract chipmaker, said first-quarter revenue surged by a fifth as both domestic and global customers rebuilt inventories, but expressed caution about the ...
SMIC shares rose by 3.7% in early trading in Hong Kong on Friday. (Reporting by Liam Mo and Brenda Goh; Editing by Susan Fenton, Rashmi Aich and Christian Schmollinger) Show comments
In 2018, SMIC had gross profits of $747 million and net profits of $149, with $3.6 billion in revenues. [13] It apparently spend around $550 million on research and development, or about 16 percent of sales. [25] On 9 March 2018, SMIC and the government of Shaoxing established a joint venture, United Nova Technology. [26]
Chinese chip firms have continued to make progress in spite of Washington's efforts, with China's largest chipmaker SMIC and U.S. sanctioned Huawei producing an advanced chip last year by using ...
SMIC expects a gross margin of between 9%-11% in the first quarter of this year, compared with 16.4% in the fourth quarter of 2023. ($1 = 7.1895 Chinese yuan renminbi)
Zhang Rujing (traditional Chinese: 張汝京; simplified Chinese: 张汝京; pinyin: Zhāng Rǔjīng), alternatively known as Richard Chang Ru-gin, is a Taiwanese businessman and entrepreneur known for founding the largest contract chip manufacturer in mainland China, the Semiconductor Manufacturing International Corporation (SMIC).
Industry critics sated SMIC managed it "half-heartedly". [3] In March 2013, Wuhan Xinxin acquired SMIC's shares to become an independent company and rebranded itself as XMC shifting focus from foundry services for mainstream products to producing flash memory via an expanded partnership deal with Spansion. [3]