Chipmaker SMIC targets 20% annual revenue growth
8 years, 10 months ago

Chipmaker SMIC targets 20% annual revenue growth

China Daily  

Semiconductor Manufacturing International Corporation, China's biggest chipmaker, is targeting 20 percent annual revenue growth, and has pledged to continue diversifying its business. Zhang Xin, the vice-president of SMIC, highlighted monitoring equipment, wearable devices and intelligent home systems as targets of expansion, as strong quarterly revenues were unveiled on Friday which showed the company is still enjoying robust growth, despite a slowing semiconductor market. Chiu said its customers are expanding their own market shares, and as a result SMIC is now targeting 20 percent annual revenue growth. Wu Lianfeng, vice-president and chief analyst at research firm International Data Corp China, said faced with slower growth in smartphone sales, SMIC is right to seek new growth points in emerging areas which present huge development potential.

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History of this topic

Chip machine supplier ASMI doubles its profits in last quarter of 2024
1 month ago

Chip machine supplier ASMI doubles its profits in last quarter of 2024

NL Times  

The Dutch chip machine supplier ASMI International saw their profits double in the last quarter of last year. The chip machine supplier booked a turnover of 809 million euros from October to December, which is an increase of 27 percent on an annual basis. Furthermore, ASMI saw order intake increase at the end of last year to over 731 million …

Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom
2 months, 1 week ago

Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Taiwan computer chip maker TSMC …

Foxconn Q4: Chipmaker’s revenue hits $64.72 billion; beats estimates over high AI server demand
2 months, 3 weeks ago

Foxconn Q4: Chipmaker’s revenue hits $64.72 billion; beats estimates over high AI server demand

Live Mint  

Taiwanese giant Foxconn or Hon Hai Precision Industry Co., Ltd beat its revenue estimates for the fourth quarter. The company announced its highest-ever revenue record fueled by strong demand for artificial intelligence servers, reported the news agency Reuters on Sunday, January 5. The world's largest contract electronic maker's revenues surged 15.2 per cent to $64.72 billion, according to a company …

China's smartphone shipment grows to 68.8m in Q3, records growth
4 months, 2 weeks ago

China's smartphone shipment grows to 68.8m in Q3, records growth

China Daily  

By Fan Feifei | chinadaily.com.cn | Updated: 2024-11-14 11:23 Nubia Technology unveils its latest handsets for gaming and esports enthusiasts, the Red Magic 10 Pro series. China's smartphone shipments increased in the third quarter of the year, fueled by a surge in device upgrades driven by sustained pent-up demand, according to a report from global market research company, International Data …

Chinese tech giant Tencent posts 8% revenue growth in Q3
4 months, 2 weeks ago

Chinese tech giant Tencent posts 8% revenue growth in Q3

Hindustan Times  

Chinese tech giant Tencent on Wednesday posted an eight percent year-on-year expansion in third-quarter revenue, driven by what it called "robust" growth in its gaming business. Chinese tech giant Tencent posts 8% revenue growth in Q3 The Shenzhen-based firm is one of the top players in China's expansive technology sector, operating the WeChat "super-app" with other offerings across gaming, content …

Huawei sees first-half earnings surge on smartphone renaissance
6 months, 4 weeks ago

Huawei sees first-half earnings surge on smartphone renaissance

The Hindu  

Chinese tech giant Huawei reported hefty jumps in first-half revenue and net profit on Thursday, with smartphone sales robust and its smart car components business also doing well despite U.S. sanctions. Huawei did not give an earnings breakdown for individual units, but a spokesperson said its mainstay consumer business, which includes smartphones and PCs, as well as its smart car …

China chipmaker SMIC beats Q2 estimates despite steep profit fall
7 months, 2 weeks ago

China chipmaker SMIC beats Q2 estimates despite steep profit fall

The Hindu  

Semiconductor Manufacturing International Corp reported a 59.1% fall in second-quarter net profit on Thursday though the result from China's largest chip foundry beat expectations. SMIC reported $164.6 million in unaudited profit attributable to owners for the three months to June 30, topping the $103.8 million expected by analysts polled by LSEG, while revenue rose by 21.8% to $1.9 billion, also …

Qualcomm Gives Bullish Forecast After Phone Demand Perks Up
7 months, 3 weeks ago

Qualcomm Gives Bullish Forecast After Phone Demand Perks Up

Live Mint  

-- Qualcomm Inc., the world’s biggest seller of smartphone processors, gave a strong revenue forecast for the current period, indicating that demand for phones is rebounding. Phone makers have been helped by a spending recovery among Chinese consumers, and that’s translating into more orders for component makers like Qualcomm. Apple’s iPhone relies on Qualcomm for connectivity chips, not the main …

iPhone manufacturer Foxconn beats Street estimates in Q4; Net profit climbs 33% YoY on strong AI demand
1 year ago

iPhone manufacturer Foxconn beats Street estimates in Q4; Net profit climbs 33% YoY on strong AI demand

Live Mint  

iPhone manufacturer Foxconn announced its fourth quarter results on Thursday, March 14, reporting a 33 per cent year-on-year rise in net profit, driven by a strong demand for artificial intelligence servers and high sales the year-end peak season. The world’s largest contract electronics maker's Q4 net profit is the strongest YoY growth logged for a quarter since March 2021, according …

TSMC's Q2 Profit Falls 23 Per Cent Amid Declining Electronics Demand
1 year, 8 months ago

TSMC's Q2 Profit Falls 23 Per Cent Amid Declining Electronics Demand

ABP News  

Taiwan Semiconductor Manufacturing Company, the world’s largest chipmaker, reported a 23 per cent drop in net profit in the second quarter as demand for consumer electronics and semiconductor chips remains low amid rising interest rates and global economic challenges, the media has reported. The world's largest contract chipmaker on Thursday said that during the April-June quarter, net profit dropped to …

TSMC defies chip downturn with record Q4; cuts 2023 capex as demand weakens
2 years, 2 months ago

TSMC defies chip downturn with record Q4; cuts 2023 capex as demand weakens

The Hindu  

Taiwanese chipmaker TSMC reported a forecast-beating 78% rise in quarterly profit on Thursday, as strong sales of advanced chips helped it defy a broader industry downturn that battered cheaper commodity chips. Taiwan Semiconductor Manufacturing Co Ltd, the world's largest contract chipmaker, is a rare bright spot in the global tech industry which is grappling with worsening consumer demand brought about …

Taiwan chipmaker TSMC says quarterly profit up 78%
2 years, 2 months ago

Taiwan chipmaker TSMC says quarterly profit up 78%

Associated Press  

TAIPEI, Taiwan — Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, said Thursday its quarterly profit rose 78% over a year earlier but forecast weak demand this year. Revenue for the final quarter of 2022 rose 42.8% over a year earlier to 625.5 billion New Taiwan dollars, the company announced. TSMC announced …

Taiwan chipmaker TSMC says quarterly profit $8.8 billion
2 years, 5 months ago

Taiwan chipmaker TSMC says quarterly profit $8.8 billion

Associated Press  

TAIPEI, Taiwan — Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, said Thursday that its quarterly profit rose 79.7% over a year earlier to a record $8.8 billion amid surging demand. The American Embassy in Beijing didn’t immediately respond to a question about whether TSMC had received an exemption that might allow …

Dell revenue growth slows on strong dollar, China lockdowns
2 years, 7 months ago

Dell revenue growth slows on strong dollar, China lockdowns

The Hindu  

Dell Technologies Inc posted its slowest revenue growth in six quarters on Thursday as a surge in the dollar and COVID-19 flare-ups in major market China offset a jump in its enterprise-focused business. Dell's revenue rose 9% to $26.43 billion in the quarter to July 29 and was roughly in line with market expectations, according to Refinitiv data. Consumer revenue …

China pursues tech 'self-reliance,' fueling global unease
3 years, 2 months ago

China pursues tech 'self-reliance,' fueling global unease

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy To help make China a …

China pursues tech ‘self-reliance,’ fueling global unease
3 years, 3 months ago

China pursues tech ‘self-reliance,’ fueling global unease

Associated Press  

BEIJING — To help make China a self-reliant “technology superpower,” the ruling Communist Party is pushing the world’s biggest e-commerce company to take on the tricky, expensive business of designing its own processor chips — a business unlike anything Alibaba Group has done before. He called for China to become a “technology superpower” to safeguard “national economic security.” “We must …

Profit falls 81% as China cracks down on big tech: Alibaba
3 years, 4 months ago

Profit falls 81% as China cracks down on big tech: Alibaba

Hindustan Times  

Chinese e-commerce leader Alibaba Group said on Thursday that its profit for the most recent quarter tumbled 81 percent as it grappled with a government crackdown on the country's big tech champions. The Hangzhou-based company's revenues -- generated mainly by its core e-commerce operations -- reached 200.7 billion yuan, up 29 percent. Last year the government scuppered what would have …

Qualcomm can keep growing without Apple, analysts say
3 years, 4 months ago

Qualcomm can keep growing without Apple, analysts say

The Hindu  

Investors once believed that Qualcomm Inc's fortunes rose and fell with Apple Inc's iPhone, which uses a key "modem" chip from the San Diego company to connect to mobile data networks. But as Qualcomm prepares for an investor presentation on Tuesday where it will outline plans to land its chips in everything from virtual reality headsets to self-driving cars to …

SMIC stock falls after China’s top chipmaker loses a quarter of its board overnight
3 years, 4 months ago

SMIC stock falls after China’s top chipmaker loses a quarter of its board overnight

CNN  

Hong Kong CNN Business — China’s leading chipmaker is going through another massive leadership shake-up. Gao Yonggang, SMIC’s acting chairman and chief financial officer, said Friday that Chiang would remain an adviser. In a call with analysts Friday, Gao said that the departures would “not have any material impact on the company’s operations.” He also said that the company had …

Global PC Sales Remain Strong in Q3 2021 Despite Semiconductor Shortage
3 years, 5 months ago

Global PC Sales Remain Strong in Q3 2021 Despite Semiconductor Shortage

News 18  

Some 84.1 million PCs shipped worldwide in the third quarter of 2021, up 1% compared to the third quarter of 2020, according to the Gartner Institute. Chinese manufacturer Lenovo sold 19.9 million PCs between July and September 2021, representing a market share of 23.7%. According to Gartner, this growth is due to ongoing strong demand for PCs from professionals, supported …

An $11 billion distraction for China’s chip ambitions
3 years, 6 months ago

An $11 billion distraction for China’s chip ambitions

Live Mint  

Year after year, we hear about China’s ambitions to become a leading contender in the global chip race. If SMIC could press the start button on these two new factories today, the total capacity of 140,000 wafers per month would go a long way toward solving the current chip shortage. Chinese EV player Xpeng Inc., for example, uses artificial intelligence …

Chipmakers helping solve global shortage
3 years, 7 months ago

Chipmakers helping solve global shortage

China Daily  

A technician works on a chip production line in Suining, Sichuan province. LIU CHANGSONG/FOR CHINA DAILY New local capacity boosts output of semiconductors in July by 41% y-o-y Chip-making companies in China are working hard to help solve a global shortage of semiconductor products, as can be seen from the record output of integrated circuits, or ICs, in the country …

Taiwan’s TSMC is pouring $100 billion into chipmaking to prevent another shortage
3 years, 11 months ago

Taiwan’s TSMC is pouring $100 billion into chipmaking to prevent another shortage

CNN  

Hong Kong CNN Business — Taiwan Semiconductor Manufacturing Company, the world’s largest contract chipmaker, announced Thursday that it expects to pour $100 billion into advanced chips over the next three years to keep up with rising demand. “In order to keep up with demand,” TSMC expects to use the funds to “increase capacity to support the manufacturing and of advanced …

Chip sales rose 6.5% globally in 2020 after year-end rush
4 years, 1 month ago

Chip sales rose 6.5% globally in 2020 after year-end rush

The Hindu  

Global semiconductor sales rose 6.5% overall in 2020, as a recovery during the last three months of the year helped offset a sharp dropoff in March and April, when pandemic stay-home orders rolled out around the world. Global sales were $439 billion in 2020, according to data from the Semiconductor Industry Association, a trade group that represents most U.S. chipmakers …

SMIC: US bans China’s top chipmaker from using American technology
4 years, 3 months ago

SMIC: US bans China’s top chipmaker from using American technology

CNN  

Hong Kong CNN Business — China’s top chipmaker was already having a rough week. Dozens of Chinese companies, including SMIC and drone maker DJI, were added to the Commerce Department’s so-called Entity List, which effectively cuts them off from US suppliers and technology. “Items uniquely required to produce semiconductors at advanced technology nodes — 10 nanometers or below — will …

SMIC: Chaos at the top of China’s biggest chipmaker
4 years, 3 months ago

SMIC: Chaos at the top of China’s biggest chipmaker

CNN  

Hong Kong CNN Business — The C-suite of one of China’s most important tech companies has just been thrown into confusion. Semiconductor Manufacturing International Corporation, China’s biggest chipmaker, said Wednesday it was trying to confirm Chinese statemedia reports that its co-CEO Liang Mong Song had resigned, apparently in protest at the appointment of Chiang Shang-Yi, the former co-COO of Taiwanese …

Samsung Q3 profit likely at two-year high after Huawei orders, phone recovery
4 years, 5 months ago

Samsung Q3 profit likely at two-year high after Huawei orders, phone recovery

Live Mint  

Samsung Electronics Co Ltd said its third-quarter profit likely jumped 58% to the highest in two years, beating analysts' estimates as U.S. restrictions on China's Huawei boosted the South Korean tech giant's phone and chip sales. MOBILE PROFIT BOOST Samsung was expected to post its biggest smartphone profit in at least four years, analysts said, as it gained market share …

SMIC: The US is taking aim at China’s biggest chipmaker
4 years, 5 months ago

SMIC: The US is taking aim at China’s biggest chipmaker

CNN  

Hong Kong CNN Business — Washington is taking aim at another Chinese tech company. SMIC, China’s biggest chipmaker, has warned investors that new US restrictions could cut it off from key technology and have “material adverse effects” on its business. A spokesman for the Department of Commerce told CNN Business last week that it cannot comment on SMIC’s situation, but …

Qualcomm shares spike by 5 percent, beats Wall Street estimates for Q4 revenue
5 years, 4 months ago

Qualcomm shares spike by 5 percent, beats Wall Street estimates for Q4 revenue

Firstpost  

Qualcomm’s revenue in the Q4 fell about 17 percent to $4.81 billion, but beat analysts’ estimates of $4.70 billion. Qualcomm Inc forecast current-quarter profit above Wall Street expectations and beat estimates for fourth-quarter revenue from its closely watched licensing business, sending its shares up 5 percent in extended trading. The world’s biggest supplier of mobile phone chips expects between 1.75 …

Huawei says US curbs to cut smartphone unit’s revenue by over $10 bln
5 years, 7 months ago

Huawei says US curbs to cut smartphone unit’s revenue by over $10 bln

Live Mint  

Hong Kong: Chinese technology giant Huawei said on Friday the impact of U.S. trade restrictions on its business will be less than what it initially feared, though the curbs could push its smartphone unit's revenue lower by about $10 billion this year. Huawei's consumer business group - which includes the smartphones business and is racing to develop an operating system …

Qualcomm outlook weighed down by weak smartphone demand
5 years, 7 months ago

Qualcomm outlook weighed down by weak smartphone demand

Live Mint  

Qualcomm Inc. gave a downbeat fourth-quarter sales forecast, indicating lingering weakness in smartphone demand while consumers wait for devices with the next generation of wireless technology. That’s making the near-term outlook for phones look “soft," but only temporarily ahead of an expected surge in demand for new devices, he said. On a conference call, analysts questioned Qualcomm’s confidence that the …

Qualcomm's outlook weighed down by Huawei's smartphone gains in China
5 years, 7 months ago

Qualcomm's outlook weighed down by Huawei's smartphone gains in China

Firstpost  

By Stephen Nellis and Munsif Vengattil - Qualcomm Inc’s quarterly revenue and profit forecast fell short of Wall Street targets, driven by Huawei Technologies Co Ltd’s strong gains in the Chinese smartphone market, the U.S. company said, sending its shares down as much as 6%. Qualcomm Inc’s quarterly revenue and profit forecast fell short of Wall Street targets, driven by …

Huawei profit in 2018 rises 25% amid US stifling its 5G push
5 years, 11 months ago

Huawei profit in 2018 rises 25% amid US stifling its 5G push

Live Mint  

Beijing: Huawei Technologies Co. posted a 25% jump in annual profit even as the Chinese telecommunications giant faces as US-led push to keep it out of 5G networks. China’s largest tech company by sales posted net income of 59.3 billion yuan in 2018 as it won customers for its smartphones and networking gear, according to a statement on Friday. “In …

Qualcomm's Q1 2018 profit exceeds forecasts, suggesting that a slowdown in global smartphone market is not as bad
6 years, 11 months ago

Qualcomm's Q1 2018 profit exceeds forecasts, suggesting that a slowdown in global smartphone market is not as bad

Firstpost  

The results announced in Qualcomm’s smartphone chip business contrasted to those from major mobile phone components makers in Asia. US chipmaker Qualcomm Inc’s quarterly profit and revenue topped Wall Street forecasts, suggesting that a slowdown in the global smartphone business might be less severe than feared after a string of weak forecasts from suppliers. Qualcomm said it expects the loss …

Qualcomm earnings report beats revenue expectations as demand for its chips surges
7 years, 1 month ago

Qualcomm earnings report beats revenue expectations as demand for its chips surges

Firstpost  

Apple sued Qualcomm last January, accusing it of overcharging for chips and refusing to pay some $1 billion in promised rebates. Chipmaker Qualcomm Inc’s profit and revenue beat expectations as demand surged for its chips used in smartphones and cars, but an earnings forecast for the current quarter fell below analysts’ estimates due to tepid mobile sales in China. But …

Smaller Chinese firms report rising profits for 2016
7 years, 11 months ago

Smaller Chinese firms report rising profits for 2016

China Daily  

BEIJING - China's small and medium-sized enterprises reported growing net profits for 2016, despite slowing growth in the world's second largest economy. Average net profits of 1,598 SMEs listed on the National Equities Exchange and Quotations system reached 21.05 million yuan last year, up 26.29 percent year on year. The SMEs, which delivered their annual reports at the end of …

Huawei profit stays flat, revenue growth slows
7 years, 11 months ago

Huawei profit stays flat, revenue growth slows

China Daily  

HONG KONG - Chinese telecom equipment and smartphone maker Huawei Technologies Co Ltd said on Friday that its net profit edged up just 0.4 percent last year, its slowest annual growth since 2011. Huawei - the world's No 3 smartphone maker behind Apple Inc and Samsung Electronics Co Ltd - said net profit rose to 37.1 billion yuan in 2016. …

World's top five most profitable mobile handset makers in Q3[1]- Chinadaily.com.cn
8 years, 3 months ago

World's top five most profitable mobile handset makers in Q3[1]- Chinadaily.com.cn

China Daily  

For the first time, four Chinese brands have been ranked among the top five most profitable smartphone vendors around the globe due to Samsung's fiasco surrounding the Galaxy Note7, according to an industry consulting company. Karn Chauhan, research analyst for Counterpoint Technology Market Research, said the top four domestic brands generated a combined $1.1 billion in operating profits, capturing a …

World's top five most profitable mobile handset makers in Q3[1]- Chinadaily.com.cn
8 years, 3 months ago

World's top five most profitable mobile handset makers in Q3[1]- Chinadaily.com.cn

China Daily  

For the first time, four Chinese brands have been ranked among the top five most profitable smartphone vendors around the globe due to Samsung's fiasco surrounding the Galaxy Note7, according to an industry consulting company. Karn Chauhan, research analyst for Counterpoint Technology Market Research, said the top four domestic brands generated a combined $1.1 billion in operating profits, capturing a …

Xiaomi says shrinking smartphone sales won't hit the company
8 years, 4 months ago

Xiaomi says shrinking smartphone sales won't hit the company

Firstpost  

Sharp drops in smartphone sales for China’s Xiaomi Inc will not have a major impact on the company as profit growth will be driven by sales from smart home devices Sharp drops in smartphone sales for China’s Xiaomi Inc will not have a major impact on the company as profit growth will be driven by sales from smart home devices …

Qualcomm reports 13.3 percent rise in revenue beating expectations
8 years, 4 months ago

Qualcomm reports 13.3 percent rise in revenue beating expectations

Firstpost  

Smartphone chipmaker Qualcomm Inc, which agreed to buy NXP Semiconductors NV for about $38 billion last week, reported a better-than-expected 13.3 percent rise in quarterly revenue, helped by strong demand, particularly in China. The San Diego-based company, which supplies chips to Android smartphone makers and Apple Inc, reported mobile chip shipments of 211 million for the quarter compared with its …

Huawei revenue soars, eyes expansion
8 years, 8 months ago

Huawei revenue soars, eyes expansion

China Daily  

Visitors at the booth of Huawei Technologies Co Ltd at the Mobile World Congress Shanghai, June 30, 2016. Huawei Technologies Co Ltd, the world's third largest smartphone vendor, shipped 60.56 million smartphones in the first half of the year, marking a year-on-year growth of 25 percent. The robust performance helped the Shenzhen-based company's consumer business unit rake in 77.4 billion …

Apple's big suppliers look elsewhere for opportunities
8 years, 8 months ago

Apple's big suppliers look elsewhere for opportunities

China Daily  

Apple Inc's major Chinese suppliers are seeking to redefine their businesses in order to stay profitable in the wake of a 13 percent year-on-year drop in Apple's fiscal 2016 Q2 earnings. Shenzhen-based Desay Corporation, which provides more than half of the battery products for Apple's iPhones, has decided to reduce dependence on big customers, and is expanding its business to …

Qualcomm chipping in for China's smart tech future[2]- Chinadaily.com.cn
9 years ago

Qualcomm chipping in for China's smart tech future[2]- Chinadaily.com.cn

China Daily  

That is one of the high points of his second stint with Qualcomm China. For its part, to reinforce its commitment to the China market, Qualcomm pledged a $150-million venture investment fund, to support Chinese startups in areas such as Internet, e-commerce, semi-conductors and health. Around the time Meng returned to the company, a Qualcomm affiliate formed a joint venture …

M&A deals to energize Chinese chipset makers
9 years, 3 months ago

M&A deals to energize Chinese chipset makers

China Daily  

A technician displays a domestically developed chip in Jiujiang, Jiangxi province. Overseas mergers and acquisitions will strengthen China's integrated circuit sector in the next five years, a top official said on Thursday. Tsinghua Unigroup Ltd, a Beijing-based enterprise, pledged to spend 300 billion yuan over the next five years in a bid to become the world's third-biggest chipmaker. Mobile chipmaker …

Qualcomm, Chinese partners to invest in chip program
9 years, 6 months ago

Qualcomm, Chinese partners to invest in chip program

China Daily  

BEIJING - American semiconductor company Qualcomm Inc will invest $280 million on a computer chip production line together with two Chinese partners, they announced Wednesday. Semiconductor Manufacturing International Corp, China Integrated Circuit Industry Investment Fund Co Ltd, and Qualcomm announced the signing of a non-legally binding term sheet regarding investment in SJ Semiconductor Corp at a press conference in Beijing. …

Apple's senior executive bullish on growth in Chinese market
9 years, 7 months ago

Apple's senior executive bullish on growth in Chinese market

China Daily  

Apple opens a new store in Southwest China's Chongqing municipality on Saturday, July 26, 2014, bringing the number of Apple stores in the Chinese mainland to 11. Strong momentum in China is behind Apple's record increase in transactions, said senior vice president of Internet software and services Eddy Cue in an interview with CNBC on Thursday. Contrary to what some …

Chinese smartphone market kept growth last year
10 years, 1 month ago

Chinese smartphone market kept growth last year

China Daily  

The Chinese smartphone market continued its steady growth in the fourth quarter of 2014, helped by good performances by local brands, according to a report by technology consulting firm IDC. Chinese smartphone maker Xiaomi Inc beat out international brands including South Korea's Samsung Electronics, and domestic rivals Huawei Technologies Co and Lenovo Group, to become the country's top smartphone vendor …

Subsidies offered for smartphone makers
10 years, 1 month ago

Subsidies offered for smartphone makers

China Daily  

China Telecom Corp Ltd, the third-biggest mobile network operator in China, said on Thursday that it will offer 16 billion yuan in subsidies to smartphone producers, part of an attempt to add 120 million new subscribers this year. Yang said China Telecom aims to add 100 million fourth-generation network users this year and sell 100 million smartphones. Consultancy International Data …

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