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South China Morning Post
6 days ago
- Business
- South China Morning Post
Chinese, EU semiconductor firms discuss supply-chain security amid ‘bullying'
Semiconductor representatives from China and Europe have come together at a government-hosted meeting in Beijing to explore deeper collaboration and enhance supply-chain resilience after the United States stepped up tech curbs on China. Advertisement Representatives from more than 40 companies in the semiconductor supply chain, both upstream and downstream, attended Tuesday's meeting, along with representatives from China's Ministry of Commerce (Mofcom), the China Semiconductor Industry Association, and the European Union Chamber of Commerce. 'At present, the security and stability of the global semiconductor production and supply chain are facing serious challenges,' the commerce ministry said in a statement on Tuesday. '[We] resolutely reject unilateralism and bullying practices.' The meeting took place as tensions between China and the US over microchips have recently escalated, with Beijing showing a strong determination not to cede any more ground in the stand-off. The meeting featured vows to safeguard the security and stability of the global semiconductor supply chain in which China and Europe are key players, the ministry statement said, adding that greater cooperation would serve both their interests. Advertisement China will continue to deepen high-level openness and 'provide a fair, stable, transparent, and predictable policy environment for enterprises', it said.
Time of India
25-04-2025
- Business
- Time of India
Trade tensions are giving Intel's older chips a second life
While Donald Trump has for now exempted chips from tariffs, a major hit to Intel could come from China's retaliatory tariffs on US imports, with chips manufactured in the US set to face levies of 85% or higher, based on the state-backed China Semiconductor Industry Association's (CSIA) notice earlier in April. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads A Sino-US trade war that threatens Intel 's revenue from its biggest market, China, has become an unlikely driver of demand for the embattled chipmaker's older generation of personal computer and server chips, company executives said on Thursday.A worsening economic outlook and the prospect of higher prices brought on by U.S. President Donald Trump's sweeping global tariffs and Beijing's retaliatory levies is prompting customers to fall back on cheaper, older processors."In client, we are seeing strong demand on older-gen parts and in data center as well," the chief executive of Intel's products unit, Michelle Johnston Holthaus, said during a call after Intel posted results. She was referring to units that provide chips for personal computers and servers."Macroeconomic concerns and tariffs have everybody hedging their bets," she Santa Clara, California-based company delivered a dour forecast for the June quarter but handily beat Wall Street estimates for first-quarter sales as customers stockpiled chips in anticipation of steep Trump has for now exempted chips from tariffs, a major hit to Intel could come from China's retaliatory tariffs on US imports, with chips manufactured in the US set to face levies of 85% or higher, based on the state-backed China Semiconductor Industry Association's (CSIA) notice earlier in finance chief David Zinsner sounded alarm bells around the macroeconomic environment stemming from trade tensions."The very fluid trade policies in the U.S. and beyond, as well as regulatory risks, have increased the chance of an economic slowdown with the probability of a recession growing," Zinsner said. "We will certainly see costs increase."Higher tariffs could dampen a recovery in the PC market for the remainder of the year, possibly hurting Intel, which is banking on on-device artificial intelligence features and a new Microsoft Windows cycle to revive demand in its most important market, investors and analysts said."Demand for older-generation chips is a flashing macro signal," said Michael Ashley Schulman, chief investment officer at Running Point Capital."In a shaky economic climate, 'good enough' beats bleeding edge."Clients relying on older processors could also muddy the outlook for a slew of new Intel PC chips catered towards AI-enabled PCs The lower prices for older chips are impacting Intel's bottom line and will likely slow the adoption of more advanced chips for AI PCs, Bob O'Donnell, chief analyst at Technalysis Research, told Reuters.
South China Morning Post
25-04-2025
- Business
- South China Morning Post
China said to waive retaliatory tariffs on some US chip imports in sign of trade war thaw
China has waived its retaliatory 125 per cent tariffs on certain semiconductor imports from the US, according to a report from Chinese business magazine Caijing on Friday, citing industry sources. Advertisement The report said at least eight integrated circuit (IC)-related tariff codes were exempted from levies imposed earlier this month in response to US President Donald Trump's tariffs on Chinese products. However, China has maintained tariffs on memory chips. China's customs authorities also informed domestic companies on Thursday that any duties paid for these exempted semiconductor imports from April 10 to 24 would be eligible for refunds, according to the report. China's customs administration has not issued any public notice regarding this change. Multiple phone calls to the news office of China Customs on Friday morning went unanswered. The China Semiconductor Industry Association did not immediately respond to a request for comment. The Caijing report was deleted from its website and official WeChat channel by noon Friday. Advertisement
South China Morning Post
25-04-2025
- Business
- South China Morning Post
Intel's older chips get a second life from US-China trade tensions
Sino-US trade war that threatened Intel' s revenue from its biggest market, China, had become an unlikely driver of demand for the embattled chipmaker's older generation of personal computer and server chips, company executives said on Thursday. Advertisement A worsening economic outlook and the prospect of higher prices brought on by US President Donald Trump's sweeping global tariffs and Beijing's retaliatory levies are prompting customers to fall back on cheaper, older processors. 'In clients, we are seeing strong demand on older-gen parts and in data centre as well,' chief executive of Intel's products unit, Michelle Johnston Holthaus, said during a call after Intel posted results. She was referring to units that provide chips for personal computers (PCs) and servers. 'Macroeconomic concerns and tariffs have everybody hedging their bets,' she added. The Santa Clara, California-based company delivered a dour forecast for the June quarter but handily beat Wall Street estimates for first-quarter sales as customers stockpiled chips in anticipation of steep tariffs. US President Donald Trump's global tariffs and retaliatory tariffs imposed by China have boosted demand for older, cheaper chips. via AFP While Trump has for now exempted chips from tariffs, a major hit to Intel could come from China's retaliatory tariffs on US imports, with chips manufactured in the US set to face levies of 85 per cent or higher, based on the state-backed China Semiconductor Industry Association's notice earlier in April.
Time of India
25-04-2025
- Business
- Time of India
Trade tensions are giving Intel's older chips a second life
By Arsheeya Bajwa A Sino-U.S. trade war that threatens Intel 's revenue from its biggest market, China, has become an unlikely driver of demand for the embattled chipmaker's older generation of personal computer and server chips, company executives said on Thursday. A worsening economic outlook and the prospect of higher prices brought on by U.S. President Donald Trump's sweeping global tariffs and Beijing's retaliatory levies is prompting customers to fall back on cheaper, older processors. "In client, we are seeing strong demand on older-gen parts and in data center as well," the chief executive of Intel's products unit, Michelle Johnston Holthaus, said during a call after Intel posted results. She was referring to units that provide chips for personal computers and servers. "Macroeconomic concerns and tariffs have everybody hedging their bets," she added. The Santa Clara, California-based company delivered a dour forecast for the June quarter but handily beat Wall Street estimates for first-quarter sales as customers stockpiled chips in anticipation of steep tariffs. While Trump has for now exempted chips from tariffs, a major hit to Intel could come from China's retaliatory tariffs on U.S. imports, with chips manufactured in the U.S. set to face levies of 85% or higher, based on the state-backed China Semiconductor Industry Association's (CSIA) notice earlier in April. Intel's finance chief David Zinsner sounded alarm bells around the macroeconomic environment stemming from trade tensions. "The very fluid trade policies in the U.S. and beyond, as well as regulatory risks, have increased the chance of an economic slowdown with the probability of a recession growing," Zinsner said. "We will certainly see costs increase." Higher tariffs could dampen a recovery in the PC market for the remainder of the year, possibly hurting Intel, which is banking on on-device artificial intelligence features and a new Microsoft Windows cycle to revive demand in its most important market, investors and analysts said. "Demand for older-generation chips is a flashing macro signal," said Michael Ashley Schulman, chief investment officer at Running Point Capital. "In a shaky economic climate, 'good enough' beats bleeding edge." Clients relying on older processors could also muddy the outlook for a slew of new Intel PC chips catered towards AI-enabled PCs. The lower prices for older chips are impacting Intel's bottom line and will likely slow the adoption of more advanced chips for AI PCs, Bob O'Donnell, chief analyst at Technalysis Research, told Reuters.
