Latest news with #SMIC
Phone Arena
3 days ago
- Phone Arena
China's SMIC may have used older lithography gear to build Huawei's new 5nm chip
China's largest foundry, SMIC, is also the third-largest foundry in the world. Thanks to U.S. and Dutch sanctions, the foundry cannot obtain cutting-edge lithography machines. Without the ability to use extreme ultraviolet lithography machines (EUV) to transfer circuitry patterns to silicon wafers, SMIC was believed to be limited to producing chips using its 7nm node. We are now in the middle of an interesting mystery. Huawei's new Mate Book Pro laptop runs HarmonyOS and is powered by the Kirin X90 chip designed by Huawei's HiSilicon chip design unit. One leaker says that the X90 is a repurposed Kirin 9010 with a different layout of the CPU cores. We should know for sure sometime over the next few days when in-depth reviews of the chip are expected to be released. The Kirin 9010 AP was used to power Huawei's photography-based Pura 70 flagship series that was released in April 2024 and it was built using SMIC's 7nm N+2 process node. Did SMIC really build a 5nm chip using DUV? | Image credit-X A tweet on "X" from leaker @Jukanlosreve credited Chinese state-run broadcaster CCTV with running the report about the 5nm node for the X90. Another X user, @zephyr_z9, claims that the Kirin X90 has a transistor density of 125 million transistors per mm2. That makes it less dense than TSMC's 5nm node (approximately 138 million transistors per mm2) but close to the density used with Samsung Foundry's 5nm node. What makes this amazing is that it appears to have been achieved using a DUV machine. Not all of the numbers were positive. One analyst reportedly discovered that SMIC is producing 3,000 wafers per month with an extremely low 20% yield. Most foundries want to see a minimum yield of 70% before starting mass production of a chip. Despite the anemic yield, if SMIC is able to produce 5nm chips using DUV, this will worry U.S. lawmakers who have been concerned about Huawei's ability to design cutting-edge silicon for the Chinese military and AI even with U.S. sanctions.
Zawya
16-05-2025
- Business
- Zawya
China, HK stocks dip with earnings, US tech restrictions in focus
HONG KONG - Chinese and Hong Kong stocks dropped on Friday, as market sentiment came under pressure from renewed U.S.-China tech tensions and a disappointing earnings report from Alibaba. Both markets ended the week positively, with the Hang Seng Index posting a fifth consecutive weekly gain. ** At the close, the Shanghai Composite index was down 0.4%; while China's blue-chip CSI300 index fell 0.46%. ** Liquor and insurance companies led the decline, both dropping 1.4%. ** In Hong Kong, the Hang Seng Index retreated 0.46%. ** Index heavyweight Alibaba Group lost more than 4% after the e-commerce giant posted quarterly revenue below analysts' estimates on Thursday. ** On the geopolitical front, the U.S. Commerce Department is considering placing more Chinese companies, including ChangXin Memory (CXMT), on its restricted export list, a person familiar with the matter told Reuters. ** The Bureau of Industry and Security is also looking at adding subsidiaries of Semiconductor Manufacturing International Corporation and Yangtze Memory Technologies Co to the "Entity List", the source said. ** "Market focus has shifted to the U.S.-China competition on other fields, such as semiconductor and healthcare, after the two countries significantly reduced tariffs for each other," said Dickie Wong, executive director of research at Kingston Securities. ** While U.S.-China tariff truce is a positive surprise to the market, a durable resolution remains challenging, given the complex bilateral relationship, Morgan Stanley analysts said in a note, adding sentiment on mainland A-shares edged down this week with lower trading volume. ** The smaller Shenzhen index ended up 0.18% and the start-up board ChiNext Composite index was weaker by 0.186%. ** Hong Kong's Hang Seng Tech edged down 0.3% as a 13% jump in gaming firm Netease on strong earnings partially offset the loss in Alibaba.
Reuters
15-05-2025
- Business
- Reuters
US eyes placing more Chinese companies on 'entity list,' FT reports
WASHINGTON, May 15 (Reuters) - The U.S. Commerce Department is considering placing more Chinese companies, including ChangXin Memory (CXMT), on its "Entity List," the Financial Times reported on Thursday, citing five people familiar. The newspaper, citing several of the people, added that the Bureau of Industry and Security had drafted a list that also included subsidiaries of Semiconductor Manufacturing International Corporation and Yangtze Memory Technologies Co. Timing of move has been complicated by a recent trade deal between the U.S. and China, according to the Financial Times.
Yahoo
12-05-2025
- Business
- Yahoo
How China's Biggest Chipmaker, SMIC, Could Threaten U.S. AI Dominance
U.S. efforts to keep China's biggest chipmaker, SMIC, in check appear to have had the opposite effect. WSJ explains how China is catching up in the global AI race.
Forbes
09-05-2025
- Business
- Forbes
China Market Update: US-China Trade Negotiators Climb Switzerland's Face Of The Eiger, Week In Review
CLN Asian equities cheered the US-UK trade deal, as Japan, Taiwan, the Philippines, and Pakistan outperformed, while India and China underperformed. Excluding today's downdraft, India's equity market resilience reminds me of the R.E.M. lyric 'It's the end of the world, and I feel fine'. Hong Kong and Mainland China had very light volumes, in advance of the US-China trade talks, which may indicate either a 'wait and see' approach or skepticism about a positive outcome. I suspect local investors might not understand that we are transitioning to Resolution, the third stage of the 'Art of The Deal', following stage 1's hard negotiation and aggressive opening, and stage 2's chaos, disruption, and brinkmanship. At least, that's my hope! Today's biggest news that weighed on technology and growth stocks were the disappointing financial results from China semiconductor companies, including Semiconductor Manufacturing (SMIC), which fell -4.76%, and Hua Hong Semiconductor, which fell -7.94%. Mainland-listed technology subsectors all underperformed, including technology hardware, electric equipment, communication equipment, semiconductors, and software. Hong Kong-listed growth and internet stocks, except for Alibaba, which gained +1.73%, underperformed, as old-school value plays outperformed. Mainland investors bought the dip in Hong Kong-listed growth stocks today, making a net $519 million purchase, snapping the rare two-day net sell streak. After the close, the People's Bank of China (PBOC) released the Monetary Policy Implementation Report for Q1 2025, which noted Q1 GDP growth of +5.4% year-over-year (YoY). The report stated that 'the impact of external shocks is increasing, the momentum of world economic growth is insufficient, trade protectionism is on the rise, and geopolitical conflicts continue to exist.' To counter this, the PBOC will 'implement a moderately loose monetary policy'. Consumption subsidies are having an impact as 'the retail sales of daily household appliances increased by 38.4% YoY, and the sales of automobiles increased by 11.2% YoY,' while the benefits of the "Special Action Plan for Boosting Consumption" are only just starting. China's exports increased 8.1% in April versus expectations of just 2.1%! While exports to the US 'plunged' -21% to $33 billion from March's $40 billion and January's $47 billion (February fell, due to Chinese New Year), exports to Asia and the EU increased YoY and month-over-month (MoM). Yes, April imports were negative, but remember that commodities' prices heavily influence them. You should look not at the imports' value but the raw tonnage. Import tonnage was mixed. There is no significant evidence of why China is negotiating hard with the US, as Asia exports are up +20% YoY and EU exports are up +8% YoY. At the same time, China would suffer from US exports contracting significantly. Perfect timing for the Switzerland meeting! I saw the following from a European bank's morning note: 'Family offices in Asia are reallocating portfolios, with some exiting the U.S. entirely in favor of Asia and Europe, especially Hong Kong and Mainland China, citing uncertainty and recession risks.' This marks a shift from the U.S., once a top investment destination, as investors take profits and seek better valuations elsewhere.' They didn't cite, though it appears to be from CNBC's Robert Frank's April 3rd article, despite the firm being a trading counterparty and custodian. Still, they didn't mention their trading desk flows or custody movements. By no means the end of American Exceptionalism, but a global rebalance of the US equity overweight is likely occurring. I spent several college summers working in New York City at First Manhattan Co. for Mr. Muccia, a family friend. For Berkshire Hathaway fans, they will recognize FMC and its founder, Sandy Gottesman, who sat on the board for many years. If I mumbled or stumbled on an answer to a question, Mr. Muccia drilled into me being direct and articulate by having me leave the room, 'collect my thoughts,' and provide a succinct answer to him. A long-time friend and associate told me yesterday's post on Washington, DC, and the Holding Foreign Companies Accountable Act (HFCAA) was not clear to him. I appreciate the advice! Why has the US-listed China stock potential delisting become an issue recently? Ultimately, focusing on this issue could jeopardize Trump's 'big, beautiful deal, " so I believe it will likely fade as trade negotiations progress. Holding Foreign Companies Accountable Act (HFCAA) requires the SEC and PCAOB to state annually that they can access and audit the auditors. New Content Read our latest article: New Drivers For China Healthcare: AI Med-Tech Innovation, Cancer Treatment, & Favorable Balance of Trade Please click here to read Chart1 Chart2 Chart3 Chart4 Chart5 Chart6
