Industry woes chip away at ASMPT, with little relief in sight
The chip packaging equipment maker’s profit nearly evaporated in the third quarter, marking its fifth consecutive quarter of declines Key Takeaways: ASMPT’s profit fell 98% in the third quarter, and…
Chip breakthrough sends U.S. scrambling for new measures to stifle Huawei
Its groundbreaking Mate 60 model shows the Chinese smartphone maker may have dodged a U.S. tech blockade for now, but tougher sanctions may loom Key Takeaways: Huawei's latest smartphones are…
Weak electronics demand squeezes SMIC margins
China’s leading semiconductor manufacturer faces continued earnings pressure as the U.S. tightens sanctions and global demand for consumer electronics falters Key Takeaways: SMIC expects third-quarter revenue to grow 3% to…
Huawei: 5G comeback kid, or sucker for new sanctions?
The former smartphone superstar is reportedly planning to re-enter the 5G smartphone arena later this year, using domestic foundry SMIC to make its self-designed 5G chips Key Takeaways: Huawei reportedly…
With No Chips to Play Against U.S. Sanctions, SMIC’s Margins Tumble
China’s leading semiconductor firm reported disappointing fourth-quarter results and warned its revenue will fall this year as it suffers under the weight of U.S. sanctionsKey Takeaways:SMIC reported sequential revenue and…
SMIC Warns of Industry Downturn as U.S. Sanctions Cloud Its Future
China’s top chipmaker’s second-quarter results matched market expectations, but it warned of a cyclical slowdown in the global semiconductor industry Key Takeaways: SMIC’s second-quarter revenue rose by 40% year-on-year and…
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