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Semiconductor Manufacturing International Corporation (0981.HK)

HKSE - HKSE Delayed price. Currency in HKD
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16.840+0.220 (+1.32%)
At close: 04:08PM HKT
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  • Benzinga

    China's Semiconductor Spending Tops US With $142B Commitment: Global Chip Race Heats Up

    Gaining control over the global supply of chips is becoming a central priority for Western governments trying to compete with China in the race to dominate the industry. Pandemic-related disruptions showed how a lack of semiconductors can negatively impact a vast number of industries. Now more than ever, securing a steady flow of chips is being placed atop geopolitical strategies worldwide. This is part of the reasoning behind a long list of sizable investments that governments are pouring on th

  • Reuters

    Chinese chip maker SMIC books 20% surge in quarterly revenue but wary about future demand

    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 outlook for demand in the second half of the year. "Compared to the fourth quarter, our global customers were more willing to build up inventory...while in the domestic market, some customers managed to boost their market share and wanted to lock in orders to solidify their position," Co-CEO Zhao Haijun said during an earnings call on Friday. Zhao added, however, that the outlook was unclear and SMIC was monitoring whether its customers had overestimated demand for the second half.

  • Reuters

    Huawei, SMIC used US tech to make advanced chips, Bloomberg reports

    SMIC used technology from California's Applied Materials Inc and Lam Research Corp to develop an advanced 7-nanometer chip for Huawei last year, the report said on Thursday, adding that SMIC obtained the American machinery before the U.S. banned such sales to China in October 2022. White House Commerce Department, Huawei, Applied Materials, Lam Research and SMIC did not immediately respond to Reuters' requests for comment.