Xiaomi today reported the financial results of the fourth quarter of 2022 and accordingly the entire last year as a whole. It turns out that in the last quarter of 2022, sales and profit fell to record levels due to a market slowdown and outbreaks...
China
If earlier the outflow of customers from Chinese custom chip manufacturing companies was mainly due to targeted sanctions against the same SMIC, now it has become systemic. Taiwanese competitors are ready to produce chips for former customers of...
According to China’s Commerce Ministry, the country’s authorities “strongly oppose” the forced sale of the social network, which is being considered in the United States on the pretext of protecting American customers’...
Last February, Intel reached an agreement with Tower Semiconductor to acquire the Israel-based contract chipmaker’s assets. The $5.4 billion deal was supposed to close in 12 months, but now the thirteenth is already underway and there is still...
In February 2023, Taiwan’s chip exports to Mainland China and Hong Kong declined year-on-year for the fourth consecutive month. According to Bloomberg, the reasons are the growing tensions between Washington and Beijing and the fact that...
Dutch Foreign Trade Minister Liesje Shreinemacher in an interview with a Japanese magazine Nikkei Asian Review also confirmed that the country will impose restrictions on the supply of certain types of lithographic equipment to China, namely those...
Agency Bloomberg reported that US officials have asked the Chinese company ByteDance to sell assets related to the activities of the social network TikTok in the United States under threat of a ban on its activities. The country’s authorities...
Short video service TikTok has launched a $1.5 billion Project Texas program to allay US politicians’ concerns about transferring US users’ personal data to China, but all those efforts may prove to be in vain . This publication reports...
Chinese developers, including Shanghai-based studio miHoYo, creators of Genshin Impact, ranked 40th in the world’s top 100 mobile game publishers by revenue. According to Sensor Tower, their combined sales were $1.85 billion. Image source:...
The popular Chinese messenger WeChat received support for the digital yuan – users of the application can now pay for goods and services in the national electronic currency via the quick payment function. Image source: Eric Prouzet / unsplash.com...
Taiwanese company Foxconn, a leading contract manufacturer of the iPhone and other Apple devices, has denied rumors it has dismantled assembly lines at a manufacturing complex in Shenzhen. According to the Hong Kong-based SCMP portal, concerns are...
China will speed up the construction and deployment of 5G networks and promote 6G research and development, China’s Minister of Industry and Information Technology Jin Zhuanglong said. In particular, hundreds of thousands of base stations for...
In 2022, global sales of electric vehicles amounted to 10.2 million units. According to a study by Counterpoint, sales in the fourth quarter of 2022 were 53% higher compared to the same period last year. According to the Global Passenger Electric...
The number of Chinese netizens visiting short video platforms has surpassed one billion. The indicator was reached in December last year and amounted to 95% of the total number of Internet users in China, writes The registry citing a report by the...
According to publication The Wall Street Journal, Chinese authorities are preparing to create a new government agency that would control the rules for storing and sharing data. To date, relevant matters are under the control of various departments...
Honor has launched its Magic5 Ultimate flagship smartphone in China. From the previously presented Magic5 Pro model, the novelty differs in the size of the working memory, as well as in the optics and materials of the case. The novelty looks like...
Although Chinese authorities are ready to help the country’s semiconductor industry deal with the fallout from US sanctions, money alone does not seem to be enough. Companies will have to make significant efforts to get out of the...
Cooperation between China and South Korea in the field of chip production continues and is even intensifying in some areas, despite the US desire to limit its development. It became known that the import of silicon wafers for the production of chips...
Chinese authorities are investing $1.9 billion in the country’s largest memory chip maker, Yangtze Memory Technologies Co. (YMTC), writes Bloomberg. This deal will mark the resumption of public money inflows into an industry hit by US...
Since the summer of 2020, the British holding company Arm has been trying to remove the rebellious director Allen Wu from the management of the joint venture Arm China, a year ago the parent company decided to transfer its 47.33 percent stake in Arm...
