TechInsights Finds SMIC 7nm (N+2) in Huawei Mate 60 Pro
TechInsights, the authoritative information platform of the semiconductor industry, analyzed the new Huawei Mate 60 Pro smartphone in the last 24 hours.
The Mate 60 Pro was expected to include a 5G application processor and SoC (system-on-chip) from HiSilicon, the Kirin 9000s.
The team found evidence of SMIC 7nm (N+2) which represents a made-in-China design and manufacturing milestone for the most advanced Chinese foundry TechInsights has documented.
Some of the highlights include:
The Kirin 9000s die measured 107 mm2, which is 2% larger than the Kirin 9000 (105 mm2). From various identifying features on the die, the team concluded the processor is manufactured by SMIC.
Initial lab results indicated that this die is more advanced than SMIC’s 14nm process node but presents larger critical dimensions (CDs) than what TechInsights has observed for 5nm process.
Additional measurements of critical dimensions (CDs) on the die, including logic gate pitch, fin pitch and lower back-end-of-line (BEOL) metallization pitches, the analyst team concluded the die has 7nm features.
“Discovering a Kirin chip using SMIC’s 7nm (N+2) foundry process in the new Huawei Mate 60 Pro smartphone demonstrates the technical progress China’s semiconductor industry has been able to make without EUV lithography tools,” said Dan Hutcheson, Vice Chair of TechInsights.
“The difficulty of this achievement also shows the resilience of the country’s chip technological ability. At the same time, it is a great geopolitical challenge to the countries who have sought to restrict its access to critical manufacturing technologies. The result may likely be even greater restrictions than what exist today.”
“This also reinforces TechInsights commitment to speed and quality of analyzing critical industry advancements,” said Gavin Carter, CEO, TechInsights. “The TechInsights team moved at a lightning pace to ensure we can bring this insight to the market using our Ottawa, Canada based industry-leading laboratory and highly technical engineering team this type of deep dive analysis.”
https://www.techinsights.com/blog/techi ... ate-60-pro
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Semiconductor Manufacturing International Corporation - 0981.HK - ISIN: KYG8020E1199
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Re: Semiconductor Manufacturing International Corporation - 0981.HK - ISIN: KYG8020E1199
US can’t halt SMIC, Huawei’s tech advances, chip guru says
(Oct 27): The US won’t be able to stop Chinese firms including Semiconductor Manufacturing International Corp (SMIC) and Huawei Technologies Co from making progress in chip technology, according to one of the semiconductor industry’s leading figures.
SMIC and Huawei, which stunned Washington by unveiling a made-in-China phone processor, can use existing older machines to make even more sophisticated silicon, said Burn J Lin, a former Taiwan Semiconductor Manufacturing Co (TSMC) vice-president.
SMIC should be able to advance to the next generation at five nanometres with machines from ASML Holding NV that it already operates, said Lin, who at TSMC championed the lithography technology that transformed chipmaking.
Huawei electrified the chip industry when it unveiled a 7nm processor made by SMIC in the Mate 60 Pro, triggering celebration in China and accusations in the US that a campaign to contain the country’s tech ascent had failed. And Yangtze Memory Technologies Co (YMTC) is now also producing some of the most advanced memory chips in the industry.
In October, the Biden administration tightened existing curbs to close loopholes through which the country may be accessing advanced American gear, marking a new phase in a struggle to influence technologies crucial to the economic and political balance.
But that may not stop China’s technological ascent, said Lin, who’s highly regarded in the industry for being the first person to propose immersion lithography, the technology that ASML’s core products rely on.
SMIC used ASML’s immersion lithography machines to make the 7nm chip for Huawei. Beyond trying to reach the 5nm milestone, it’s likely China will experiment with new materials or advanced chip packaging to make more powerful semiconductors, Lin said. Shares in SMIC gained as much as 5.8% in Hong Kong, their biggest gain in about two weeks.
“It is just not possible for the US to completely prevent China from improving its chip technology,” Lin said in an interview this week at the National Tsing Hua University in Hsinchu, where he serves as dean of the semiconductor research college. That echoed comments from Arm Holdings plc boss Rene Haas this month.
“What the US really should do is to focus on maintaining its chip design leadership instead of trying to limit China’s progress, which is futile as China is adopting a whole nation strategy to boost its chip industry, and hurting the global economy,” Lin added.
In fact, the US may have inadvertently granted SMIC a golden opportunity, he argued.
In 2020, Washington effectively banned TSMC — the supplier of the world’s most advanced silicon to Apple Inc and Nvidia Corp — from doing business with Huawei. That’s when SMIC stepped up to inherit the massive orders that helped it improve its manufacturing technique, Lin said. Representatives at SMIC and YMTC did not respond to requests for comment.
A debate is now raging in the US and beyond about whether Washington and its allies should step up their Chinese containment campaign. US Commerce Secretary Gina Raimondo has said Washington doesn’t have evidence China can make advanced chips “at scale”. But Under Secretary of Commerce for Industry and Security Alan Estevez said it’s “absolutely” a concern for Washington that the Asian nation could use 7nm technology — or better — in military applications.
Industry analysts including Haitong International Securities’s Jeff Pu have estimated that Huawei could build as many as 70 million smartphones using its own Kirin chips in 2024 — not insignificant compared to the roughly 220 million iPhones that Apple Inc ships annually.
In another area of concern for Washington, China is also charging ahead on memory chips — a more commoditised type of silicon than processors but still critical in everything from smartphones and artificial intelligence training servers to military drones.
Canadian research firm TechInsights Inc discovered an advanced chip made by Yangtze Memory in a solid state drive launched around July — months after US curbs announced last year forced foreign equipment suppliers to sever ties with the Chinese semiconductor company.
TechInsights, which unearthed SMIC’s and Huawei’s 7nm chip through a joint investigation with Bloomberg News, found the 232-layer quad-level cell 3D NAND die during a routine device teardown, calling it one of the most advanced it had seen.
“YMTC is quietly developing advanced technology despite being hampered by issues following sanctions,” TechInsights said in a blog post on Tuesday. “Evidence is mounting that China’s momentum to overcome trade restrictions and build its own domestic semiconductor supply chain is more successful than expected.”
https://theedgemalaysia.com/node/687905
(Oct 27): The US won’t be able to stop Chinese firms including Semiconductor Manufacturing International Corp (SMIC) and Huawei Technologies Co from making progress in chip technology, according to one of the semiconductor industry’s leading figures.
SMIC and Huawei, which stunned Washington by unveiling a made-in-China phone processor, can use existing older machines to make even more sophisticated silicon, said Burn J Lin, a former Taiwan Semiconductor Manufacturing Co (TSMC) vice-president.
SMIC should be able to advance to the next generation at five nanometres with machines from ASML Holding NV that it already operates, said Lin, who at TSMC championed the lithography technology that transformed chipmaking.
Huawei electrified the chip industry when it unveiled a 7nm processor made by SMIC in the Mate 60 Pro, triggering celebration in China and accusations in the US that a campaign to contain the country’s tech ascent had failed. And Yangtze Memory Technologies Co (YMTC) is now also producing some of the most advanced memory chips in the industry.
In October, the Biden administration tightened existing curbs to close loopholes through which the country may be accessing advanced American gear, marking a new phase in a struggle to influence technologies crucial to the economic and political balance.
But that may not stop China’s technological ascent, said Lin, who’s highly regarded in the industry for being the first person to propose immersion lithography, the technology that ASML’s core products rely on.
SMIC used ASML’s immersion lithography machines to make the 7nm chip for Huawei. Beyond trying to reach the 5nm milestone, it’s likely China will experiment with new materials or advanced chip packaging to make more powerful semiconductors, Lin said. Shares in SMIC gained as much as 5.8% in Hong Kong, their biggest gain in about two weeks.
“It is just not possible for the US to completely prevent China from improving its chip technology,” Lin said in an interview this week at the National Tsing Hua University in Hsinchu, where he serves as dean of the semiconductor research college. That echoed comments from Arm Holdings plc boss Rene Haas this month.
“What the US really should do is to focus on maintaining its chip design leadership instead of trying to limit China’s progress, which is futile as China is adopting a whole nation strategy to boost its chip industry, and hurting the global economy,” Lin added.
In fact, the US may have inadvertently granted SMIC a golden opportunity, he argued.
In 2020, Washington effectively banned TSMC — the supplier of the world’s most advanced silicon to Apple Inc and Nvidia Corp — from doing business with Huawei. That’s when SMIC stepped up to inherit the massive orders that helped it improve its manufacturing technique, Lin said. Representatives at SMIC and YMTC did not respond to requests for comment.
A debate is now raging in the US and beyond about whether Washington and its allies should step up their Chinese containment campaign. US Commerce Secretary Gina Raimondo has said Washington doesn’t have evidence China can make advanced chips “at scale”. But Under Secretary of Commerce for Industry and Security Alan Estevez said it’s “absolutely” a concern for Washington that the Asian nation could use 7nm technology — or better — in military applications.
Industry analysts including Haitong International Securities’s Jeff Pu have estimated that Huawei could build as many as 70 million smartphones using its own Kirin chips in 2024 — not insignificant compared to the roughly 220 million iPhones that Apple Inc ships annually.
In another area of concern for Washington, China is also charging ahead on memory chips — a more commoditised type of silicon than processors but still critical in everything from smartphones and artificial intelligence training servers to military drones.
Canadian research firm TechInsights Inc discovered an advanced chip made by Yangtze Memory in a solid state drive launched around July — months after US curbs announced last year forced foreign equipment suppliers to sever ties with the Chinese semiconductor company.
TechInsights, which unearthed SMIC’s and Huawei’s 7nm chip through a joint investigation with Bloomberg News, found the 232-layer quad-level cell 3D NAND die during a routine device teardown, calling it one of the most advanced it had seen.
“YMTC is quietly developing advanced technology despite being hampered by issues following sanctions,” TechInsights said in a blog post on Tuesday. “Evidence is mounting that China’s momentum to overcome trade restrictions and build its own domestic semiconductor supply chain is more successful than expected.”
https://theedgemalaysia.com/node/687905
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nobody
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Re: Semiconductor Manufacturing International Corporation - 0981.HK - ISIN: KYG8020E1199
Top China chipmaker SMIC’s sales miss despite Huawei boost
(Nov 9): Semiconductor Manufacturing International Corp's (SMIC) quarterly revenue fell for the third straight quarter, reflecting the impact of a global smartphone slump and Washington’s broadening campaign to curb China’s technology sector.
The Shanghai company reported a 15% fall in revenue to US$1.62 billion (RM7.6 billion), versus an average projection for US$1.64 billion. Net income fell 80% to US$94 million, compared with estimates for US$178.1 million. The numbers missed despite hopes that the surprise popularity of a new range of Huawei Technologies Co. 5G smartphones would help offset lost sales.
SMIC is one of the highest-profile companies at the heart of Beijing’s ambitions to build a world-class tech sector less reliant on American innovations. China’s largest chipmaker helped Huawei build the 7-nanometer processor for the Mate 60 Pro, regarded as a major achievement for two companies that the US blacklisted years ago over national security concerns. Riding a wave of nationalist fervour, the device has sold out rapidly, taking business away from the iPhone.
Huawei itself shows signs of resuming the growth that Washington’s sanctions derailed. State-backed SMIC is projected to return to growth in the peak December quarter, but its prospects may hinge on whether the US — which last month expanded existing curbs on China’s chip sector — is contemplating further sanctions. US lawmakers have called for more restrictions, seizing on Huawei’s unexpected breakthrough.
Shares of SMIC have climbed roughly 40% since Huawei introduced the US$900-plus Mate 60 Pro in late August — just as US Commerce Secretary Gina Raimondo — whose department oversees the complex network of restrictions on chips — was visiting China. The company’s executives are expected to take questions about Huawei and its longer-term chip plans on Friday morning.
“Robust demand for Huawei devices, from servers to handsets, underscores local support for domestically produced chips, potentially sustaining the company’s capacity utilisation beyond expectations,” Bloomberg Intelligence analyst Charles Shum wrote in a note ahead of the results release.
Despite the boost from Huawei, SMIC continues to grapple with uncertainty in China’s smartphone market — the world’s largest.
Competition is intensifying in the Chinese smartphone market, which is already crowed with players from Xiaomi Corp to Oppo and struggling to recover from a Covid-era slump.
Smartphone shipments in the country fell 5% in the third quarter and none of the top five players sold more phones than a year ago, according to research firm Canalys. Major Chinese smartphone makers rely on Qualcomm Inc and MediaTek Inc for chip supply, but those two firms also outsource manufacturing to overseas contractors such as Taiwan Semiconductor Manufacturing Co and Globalfoundries Inc.
Longer-term, it remains to be seen whether Beijing’s overt support for the company and chip-related firms will pop up the bottom line.
“China’s drive toward semiconductor self-sufficiency appears to buffer SMIC against anticipated 3Q headwinds in sales and profit margins, despite broader market challenges from stagnant smartphone and consumer-electronics recoveries,” Shum wrote in a note ahead of the results release.
https://theedgemalaysia.com/node/689525
(Nov 9): Semiconductor Manufacturing International Corp's (SMIC) quarterly revenue fell for the third straight quarter, reflecting the impact of a global smartphone slump and Washington’s broadening campaign to curb China’s technology sector.
The Shanghai company reported a 15% fall in revenue to US$1.62 billion (RM7.6 billion), versus an average projection for US$1.64 billion. Net income fell 80% to US$94 million, compared with estimates for US$178.1 million. The numbers missed despite hopes that the surprise popularity of a new range of Huawei Technologies Co. 5G smartphones would help offset lost sales.
SMIC is one of the highest-profile companies at the heart of Beijing’s ambitions to build a world-class tech sector less reliant on American innovations. China’s largest chipmaker helped Huawei build the 7-nanometer processor for the Mate 60 Pro, regarded as a major achievement for two companies that the US blacklisted years ago over national security concerns. Riding a wave of nationalist fervour, the device has sold out rapidly, taking business away from the iPhone.
Huawei itself shows signs of resuming the growth that Washington’s sanctions derailed. State-backed SMIC is projected to return to growth in the peak December quarter, but its prospects may hinge on whether the US — which last month expanded existing curbs on China’s chip sector — is contemplating further sanctions. US lawmakers have called for more restrictions, seizing on Huawei’s unexpected breakthrough.
Shares of SMIC have climbed roughly 40% since Huawei introduced the US$900-plus Mate 60 Pro in late August — just as US Commerce Secretary Gina Raimondo — whose department oversees the complex network of restrictions on chips — was visiting China. The company’s executives are expected to take questions about Huawei and its longer-term chip plans on Friday morning.
“Robust demand for Huawei devices, from servers to handsets, underscores local support for domestically produced chips, potentially sustaining the company’s capacity utilisation beyond expectations,” Bloomberg Intelligence analyst Charles Shum wrote in a note ahead of the results release.
Despite the boost from Huawei, SMIC continues to grapple with uncertainty in China’s smartphone market — the world’s largest.
Competition is intensifying in the Chinese smartphone market, which is already crowed with players from Xiaomi Corp to Oppo and struggling to recover from a Covid-era slump.
Smartphone shipments in the country fell 5% in the third quarter and none of the top five players sold more phones than a year ago, according to research firm Canalys. Major Chinese smartphone makers rely on Qualcomm Inc and MediaTek Inc for chip supply, but those two firms also outsource manufacturing to overseas contractors such as Taiwan Semiconductor Manufacturing Co and Globalfoundries Inc.
Longer-term, it remains to be seen whether Beijing’s overt support for the company and chip-related firms will pop up the bottom line.
“China’s drive toward semiconductor self-sufficiency appears to buffer SMIC against anticipated 3Q headwinds in sales and profit margins, despite broader market challenges from stagnant smartphone and consumer-electronics recoveries,” Shum wrote in a note ahead of the results release.
https://theedgemalaysia.com/node/689525
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nobody
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Re: Semiconductor Manufacturing International Corporation - 0981.HK - ISIN: KYG8020E1199
Chinese chipmaker SMIC waarschuwt voor economische uitdagingen
SMIC, de grootste chipfabrikant van China, waarschuwt dat de aanhoudende wereldwijde macro-economische tegenwind en geopolitieke spanningen zijn activiteiten in 2024 kunnen blijven beïnvloeden. Dat hebben leidinggevenden van het bedrijf woensdag gezegd in een toelichting op de kwartaalresultaten.
De in Shanghai gevestigde chipmaker verklaarde dat economische en geopolitieke onzekerheden de marges verder zouden kunnen uithollen. Het nieuws werd slecht ontvangen op de Chinese beurs. Het aandeel SMIC kelderde bijna 8 procent.
Het bedrijf kampt al jaren met Amerikaanse sancties. Daarmee wil Washington voorkomen dat SMIC geavanceerde chips kan ontwikkelen die China kan gebruiken voor militaire doeleinden.
SMIC, dat chips maakt die gebruikt worden in een breed scala aan apparaten, waaronder huishoudelijke apparaten en elektrische voertuigen, zag de winst afgelopen kwartaal meer dan halveren.
De brutomarge daalde in het vierde kwartaal naar 16,4 procent, vergeleken met 32 procent een jaar geleden.
https://www.msn.com/nl-be/financien/nie ... 8399&ei=51
SMIC, de grootste chipfabrikant van China, waarschuwt dat de aanhoudende wereldwijde macro-economische tegenwind en geopolitieke spanningen zijn activiteiten in 2024 kunnen blijven beïnvloeden. Dat hebben leidinggevenden van het bedrijf woensdag gezegd in een toelichting op de kwartaalresultaten.
De in Shanghai gevestigde chipmaker verklaarde dat economische en geopolitieke onzekerheden de marges verder zouden kunnen uithollen. Het nieuws werd slecht ontvangen op de Chinese beurs. Het aandeel SMIC kelderde bijna 8 procent.
Het bedrijf kampt al jaren met Amerikaanse sancties. Daarmee wil Washington voorkomen dat SMIC geavanceerde chips kan ontwikkelen die China kan gebruiken voor militaire doeleinden.
SMIC, dat chips maakt die gebruikt worden in een breed scala aan apparaten, waaronder huishoudelijke apparaten en elektrische voertuigen, zag de winst afgelopen kwartaal meer dan halveren.
De brutomarge daalde in het vierde kwartaal naar 16,4 procent, vergeleken met 32 procent een jaar geleden.
https://www.msn.com/nl-be/financien/nie ... 8399&ei=51
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nobody
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Re: Semiconductor Manufacturing International Corporation - 0981.HK - ISIN: KYG8020E1199
SMIC shares plunge on concern about unprofitable chipmaking
(Feb 7): Semiconductor Manufacturing International Corp’s (SMIC) shares fell by their most since November, after executives warned of further pressure on its profitability.
The Shanghai-based chipmaker, already constrained by US sanctions, said on Wednesday that economic and geopolitical uncertainties could further erode margins, after posting better-than-expected earnings the day before. Shares in Hong Kong fell as much as 7.4%, adding to a significant slump since the start of the year amid ongoing routs in the financial hub and mainland China.
Co-chief executive officer Zhao Haijun added that the smartphone recovery could fade away later this year, as some clients may have placed orders for the whole year early, which could offset growth in the second half.
The Chinese company posted quarterly profit that exceeded estimates, possibly because of robust demand for Huawei Technologies Co’s marquee smartphones powered by components made by the chipmaker.
Net income reached US$174.7 million (RM832.88 million) in the three months ended in December, compared to the average analyst estimate of US$139.1 million. Revenue totalled US$1.68 billion, the company said Tuesday, versus analysts’ projection of US$1.66 billion.
As China’s top contract chipmaker, SMIC is capable of making advanced seven-nanometre (nm) chips that can power smartphones and laptops, though its technology is still years behind industry leader Taiwan Semiconductor Manufacturing Co.
The company’s technological advance is limited by its inability to acquire the most cutting-edge chipmaking machines due to a US-led, multinational campaign to foil China’s technological rise.
But it is planning to make more powerful 5nm chips this year, the FT reported. However, company executives did not mention any detail on Wednesday about SMIC’s efforts to advance its technology and instead said that its new capacity being built is all dedicated to less sophisticated semiconductors.
The Chinese chipmaker was instrumental in Huawei’s surprise comeback last year as it produced 7nm processors for the Mate 60 Pro smartphones. With help from SMIC, Huawei was able to return to the 5G handset market after years of US sanctions that restricted its access to advanced chips and stifled its smartphone business.
Shipments of Huawei-branded phones surged 36% in the December quarter. The Shenzhen-based company became the No 4 smartphone vendor in China and was the only major brand to gain market share in the past quarter, according to research firm IDC. Huawei was the top-selling smartphone maker in China for the first two weeks of 2024, Counterpoint Research said earlier this week.
The majority of SMIC’s business still comes from making less sophisticated semiconductors used in a wide range of devices including home appliances and electric vehicles. Sluggish demand for those components is putting pressure on its margins, according to Bloomberg Intelligence analyst Charles Shum.
https://theedgemalaysia.com/node/700155
(Feb 7): Semiconductor Manufacturing International Corp’s (SMIC) shares fell by their most since November, after executives warned of further pressure on its profitability.
The Shanghai-based chipmaker, already constrained by US sanctions, said on Wednesday that economic and geopolitical uncertainties could further erode margins, after posting better-than-expected earnings the day before. Shares in Hong Kong fell as much as 7.4%, adding to a significant slump since the start of the year amid ongoing routs in the financial hub and mainland China.
Co-chief executive officer Zhao Haijun added that the smartphone recovery could fade away later this year, as some clients may have placed orders for the whole year early, which could offset growth in the second half.
The Chinese company posted quarterly profit that exceeded estimates, possibly because of robust demand for Huawei Technologies Co’s marquee smartphones powered by components made by the chipmaker.
Net income reached US$174.7 million (RM832.88 million) in the three months ended in December, compared to the average analyst estimate of US$139.1 million. Revenue totalled US$1.68 billion, the company said Tuesday, versus analysts’ projection of US$1.66 billion.
As China’s top contract chipmaker, SMIC is capable of making advanced seven-nanometre (nm) chips that can power smartphones and laptops, though its technology is still years behind industry leader Taiwan Semiconductor Manufacturing Co.
The company’s technological advance is limited by its inability to acquire the most cutting-edge chipmaking machines due to a US-led, multinational campaign to foil China’s technological rise.
But it is planning to make more powerful 5nm chips this year, the FT reported. However, company executives did not mention any detail on Wednesday about SMIC’s efforts to advance its technology and instead said that its new capacity being built is all dedicated to less sophisticated semiconductors.
The Chinese chipmaker was instrumental in Huawei’s surprise comeback last year as it produced 7nm processors for the Mate 60 Pro smartphones. With help from SMIC, Huawei was able to return to the 5G handset market after years of US sanctions that restricted its access to advanced chips and stifled its smartphone business.
Shipments of Huawei-branded phones surged 36% in the December quarter. The Shenzhen-based company became the No 4 smartphone vendor in China and was the only major brand to gain market share in the past quarter, according to research firm IDC. Huawei was the top-selling smartphone maker in China for the first two weeks of 2024, Counterpoint Research said earlier this week.
The majority of SMIC’s business still comes from making less sophisticated semiconductors used in a wide range of devices including home appliances and electric vehicles. Sluggish demand for those components is putting pressure on its margins, according to Bloomberg Intelligence analyst Charles Shum.
https://theedgemalaysia.com/node/700155
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nobody
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Re: Semiconductor Manufacturing International Corporation - 0981.HK - ISIN: KYG8020E1199
China’s top chipmaker slides as US sanction fears spark tech rout
Shares of SMIC sank on Friday, leading declines across major Chinese technology firms after the Biden administration suggested that China’s biggest chipmaker may have flouted U.S. export curbs to produce a new chip for a flagship Huawei phone.
A top U.S. Commerce Department official said during a congressional hearing on Thursday that SMIC, formally known as Semiconductor Manufacturing International Corp (HK:0981), may have illegally obtained U.S. chipmaking technology to manufacture the chip, although officials were still investigating the matter.
His comments sparked renewed uncertainty over more potential curbs against Chinese companies- a trend that has been steadily gaining traction as government officials also called for a ban on popular social media app TikTok.
The Biden administration had tightened its export curbs on Chinese chipmakers in 2022 and 2023, with its latest round of restrictions- enforced in mid-2023- aimed at denying the country access to the latest developments in artificial intelligence. AI giantNVIDIA Corporation (NASDAQ:NVDA) can no longer sell its most advanced chips in China.
Huawei is also a contentious topic for U.S. lawmakers, after the Trump administration blacklisted the firm in 2019 over ties to the Chinese military. Similar actions were taken against SMIC in 2020, although both firms denied such ties.
Chinese tech rattled by sanction fears
SMIC slid over 5% in Hong Kong trade, while peers Shanghai Fudan Microelectronics Group Co Ltd (HK:1385) and Hua Hong Semiconductor Ltd (HK:1347) fell more than 3% each.
Losses in chipmakers spilled over into broader technology stocks, with internet giants Alibaba (NYSE:BABA) (HK:9988), Baidu (HK:9888) and Tencent Holdings (HK:0700) losing between 2% and 4%.
This sparked a 2.9% slump in Hong Kong’s Hang Seng index, while losses in mainland-listed tech saw China’s Shanghai Shenzhen CSI 300 and Shanghai Composite slide more than 1.4% each.
SMIC losses present buying opportunities elsewhere
But the prospect of more U.S. action against SMIC presented opportunities for other China-based chipmakers, who could step in to fill a potential supply gap in Chinese semiconductor markets.
NAURA Technology Group Co Ltd (SZ:002371) and Hygon Information Technology Co Ltd (SS:688041) were seen as the two main candidates for such a trade. Their shares rose 4.2% and 0.1% on Friday, respectively.
https://www.investing.com/news/stock-ma ... ut-3349205
Shares of SMIC sank on Friday, leading declines across major Chinese technology firms after the Biden administration suggested that China’s biggest chipmaker may have flouted U.S. export curbs to produce a new chip for a flagship Huawei phone.
A top U.S. Commerce Department official said during a congressional hearing on Thursday that SMIC, formally known as Semiconductor Manufacturing International Corp (HK:0981), may have illegally obtained U.S. chipmaking technology to manufacture the chip, although officials were still investigating the matter.
His comments sparked renewed uncertainty over more potential curbs against Chinese companies- a trend that has been steadily gaining traction as government officials also called for a ban on popular social media app TikTok.
The Biden administration had tightened its export curbs on Chinese chipmakers in 2022 and 2023, with its latest round of restrictions- enforced in mid-2023- aimed at denying the country access to the latest developments in artificial intelligence. AI giantNVIDIA Corporation (NASDAQ:NVDA) can no longer sell its most advanced chips in China.
Huawei is also a contentious topic for U.S. lawmakers, after the Trump administration blacklisted the firm in 2019 over ties to the Chinese military. Similar actions were taken against SMIC in 2020, although both firms denied such ties.
Chinese tech rattled by sanction fears
SMIC slid over 5% in Hong Kong trade, while peers Shanghai Fudan Microelectronics Group Co Ltd (HK:1385) and Hua Hong Semiconductor Ltd (HK:1347) fell more than 3% each.
Losses in chipmakers spilled over into broader technology stocks, with internet giants Alibaba (NYSE:BABA) (HK:9988), Baidu (HK:9888) and Tencent Holdings (HK:0700) losing between 2% and 4%.
This sparked a 2.9% slump in Hong Kong’s Hang Seng index, while losses in mainland-listed tech saw China’s Shanghai Shenzhen CSI 300 and Shanghai Composite slide more than 1.4% each.
SMIC losses present buying opportunities elsewhere
But the prospect of more U.S. action against SMIC presented opportunities for other China-based chipmakers, who could step in to fill a potential supply gap in Chinese semiconductor markets.
NAURA Technology Group Co Ltd (SZ:002371) and Hygon Information Technology Co Ltd (SS:688041) were seen as the two main candidates for such a trade. Their shares rose 4.2% and 0.1% on Friday, respectively.
https://www.investing.com/news/stock-ma ... ut-3349205
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nobody
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Re: Semiconductor Manufacturing International Corporation - 0981.HK - ISIN: KYG8020E1199
Chinese chipmaker SMIC says revenue up 20% as clients restock
BEIJING (May 9): China's largest contract chipmaker SMIC reported a first-quarter revenue rise of 19.7% on Thursday, as its global customers rebuilt their inventories.
SMIC said in a statement that its revenue rose to US$1.75 billion (RM8.3 billion) for the three months through March, topping the US$1.69 billion forecast by analysts polled by LSEG.
The global semiconductor industry has shown signs of recovery from a post-pandemic era of slower growth.
"In the first quarter 2024, our global customers are more willing to build up inventory," SMIC said, adding that demand from some is expected to continue in the current quarter.
Global semiconductor sales rose by 15% to US$137.7 billion in the first quarter of 2024, the Semiconductor Industry Association said, with China experiencing a significant sales increase of 27.4% compared to the same period last year.
The boom in artificial intelligence (AI) has also led to a spike in demand for high-performance AI chips.
However, most of SMIC's manufacturing facilities are for making mature node chips, largely used in less-sophisticated electronic products like lower-end smartphones, meaning that it has not been able to benefit from the AI boom as much as international competitors such as TSMC.
Competition has also been fierce, especially around mature node chips, where companies including SMIC have built up capacities at a rapid speed. China's total integrated circuit output surged 40% to 98.1 billion units in the first quarter of 2024, official data showed.
However, other countries have expressed concerns over the cash China has been putting towards makers of high-tech products such as semiconductors, raising fears that it will cause overcapacity that could fuel a new wave of cheap exports.
SMIC came into the spotlight last year after teardown analysts revealed it had assisted Huawei in developing one of the most advanced chips ever manufactured in China.
Huawei's latest smartphone, the Pura 70, also features a chip produced by SMIC, a teardown of the phone showed.
Unaudited profit attributable to owners of China's largest chip foundry fell to US$71.79 million from US$231.1 million a year before and below the US$80.49 million expected by analysts polled by LSEG.
SMIC's capital expenditure was US$2.2 billion, compared to US$2.34 billion for the first quarter of last year.
https://theedgemalaysia.com/node/711001
BEIJING (May 9): China's largest contract chipmaker SMIC reported a first-quarter revenue rise of 19.7% on Thursday, as its global customers rebuilt their inventories.
SMIC said in a statement that its revenue rose to US$1.75 billion (RM8.3 billion) for the three months through March, topping the US$1.69 billion forecast by analysts polled by LSEG.
The global semiconductor industry has shown signs of recovery from a post-pandemic era of slower growth.
"In the first quarter 2024, our global customers are more willing to build up inventory," SMIC said, adding that demand from some is expected to continue in the current quarter.
Global semiconductor sales rose by 15% to US$137.7 billion in the first quarter of 2024, the Semiconductor Industry Association said, with China experiencing a significant sales increase of 27.4% compared to the same period last year.
The boom in artificial intelligence (AI) has also led to a spike in demand for high-performance AI chips.
However, most of SMIC's manufacturing facilities are for making mature node chips, largely used in less-sophisticated electronic products like lower-end smartphones, meaning that it has not been able to benefit from the AI boom as much as international competitors such as TSMC.
Competition has also been fierce, especially around mature node chips, where companies including SMIC have built up capacities at a rapid speed. China's total integrated circuit output surged 40% to 98.1 billion units in the first quarter of 2024, official data showed.
However, other countries have expressed concerns over the cash China has been putting towards makers of high-tech products such as semiconductors, raising fears that it will cause overcapacity that could fuel a new wave of cheap exports.
SMIC came into the spotlight last year after teardown analysts revealed it had assisted Huawei in developing one of the most advanced chips ever manufactured in China.
Huawei's latest smartphone, the Pura 70, also features a chip produced by SMIC, a teardown of the phone showed.
Unaudited profit attributable to owners of China's largest chip foundry fell to US$71.79 million from US$231.1 million a year before and below the US$80.49 million expected by analysts polled by LSEG.
SMIC's capital expenditure was US$2.2 billion, compared to US$2.34 billion for the first quarter of last year.
https://theedgemalaysia.com/node/711001
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