Chinese chip makers' shares slump after U.S. publishes new export rules
2 years, 2 months ago

Chinese chip makers' shares slump after U.S. publishes new export rules

The Hindu  

Shares in Chinese semiconductor companies slumped on Monday, following the latest U.S. crackdown on China's chipmaking industry to slow Beijing's technological and military advances. An index measuring China's semiconductor firms tumbled about 5%, and Shanghai's tech-focused board STAR Market declined nearly 3% in early morning trade. If effective, they could hobble China's chip manufacturing industry by forcing American and foreign companies that use U.S. technology to cut off support for some of China's leading factories and chip designers. China's Semiconductor Manufacturing International Corp dropped nearly 5%, NAURA Technology Group Co slumped 10% by the daily limit, and Hua Hong Semiconductor Ltd plunged roughly 9%.

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History of this topic

America’s chip war with China will spread
1 day, 14 hours ago

America’s chip war with China will spread

Live Mint  

In the continuing chip war between Washington and Beijing, the U.S. has the clear upper hand on the most cutting-edge technology. Even as U.S. export restrictions have stymied China’s progress in advanced chips, Beijing has been aggressively expanding production of more mature, so-called legacy chips. But much also comes from Chinese companies such as Semiconductor Manufacturing International, or SMIC, and …

Nvidia’s stock dips after China opens probe of the AI chip company for violating anti-monopoly laws
1 week, 6 days ago

Nvidia’s stock dips after China opens probe of the AI chip company for violating anti-monopoly laws

The Hindu  

Shares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. A spokesperson for the company based in Santa Clara, California, said in an emailed statement that Nvidia is “happy to answer any questions regulators may have about our business.” In its most recent earnings release, Nvidia posted …

Nvidia’s stock dips after China opens probe of the AI chip company for violating anti-monopoly laws
2 weeks ago

Nvidia’s stock dips after China opens probe of the AI chip company for violating anti-monopoly laws

Associated Press  

Shares of Nvidia fell Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. In a brief news release with few details, Chinese regulators appear to be focusing on Nvidia’s $6.9 billion acquisition of network and data transmission company Mellanox in 2019. China’s antitrust investigation follows a report this summer by …

US chips 'highly unsafe, easy to hack', say Chinese industry bodies to tech companies, advises to buy local
Trending News
2 weeks, 5 days ago

US chips 'highly unsafe, easy to hack', say Chinese industry bodies to tech companies, advises to buy local

Firstpost  

In a rare coordinated response to escalating US restrictions on China’s semiconductor sector, four of China’s top trade associations claimed American chips are “no longer safe or reliable.” Beijing has also responded to US’ recent actions by banning the export of several critical minerals The call to reduce reliance on American chips could affect major US firms like Nvidia, AMD, …

Chinese chip firms say they can withstand new US export curbs
2 weeks, 6 days ago

Chinese chip firms say they can withstand new US export curbs

Deccan Chronicle  

Beijing/Seoul: Chinese chip companies targeted by Washington with fresh export controls have vowed to speed up supply chain localisation and said they would be able to continue production thanks to recent efforts to build equipment stockpiles. While Chinese authorities called the move "economic coercion", the measures appeared to have little impact on chip-making stocks, which rose slightly on Tuesday as …

AI and semiconductors: China hits out at latest US effort to block Beijing’s access to chip technology
3 weeks, 1 day ago

AI and semiconductors: China hits out at latest US effort to block Beijing’s access to chip technology

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Hong Kong/Washington CNN — The Chinese government has slammed America’s introduction of fresh export controls on US-made semiconductors that Washington fears Beijing could use to make the next generation of weapons and artificial …

US unleashes another crackdown on China’s chip industry
3 weeks, 1 day ago

US unleashes another crackdown on China’s chip industry

Al Jazeera  

The move is President Joe Biden’s administration’s last large-scale effort to stymie China’s ability to access and produce chips. The United States has launched its third crackdown in three years on China’s semiconductor industry, curbing exports to 140 companies, including chip equipment maker Naura Technology Group, among other moves. The latest effort on Monday to hobble Beijing’s chipmaking ambitions also …

China shares slump as shape of Trump administration raises anxiety
1 month, 1 week ago

China shares slump as shape of Trump administration raises anxiety

Hindustan Times  

* China shares slump as shape of Trump administration raises anxiety Hang Seng breaks support at 20,000 * Yuan slides to lowest since August * Chip, defence shares hit hardest By Jiaxing Li HONG KONG, - Hong Kong stocks tumbled to a seven-week low on Tuesday and Chinese markets notched their heaviest fall in nearly a month on worries a …

China stocks decline amid economic recovery disappointment, while other markets in Asia rise
2 months, 2 weeks ago

China stocks decline amid economic recovery disappointment, while other markets in Asia rise

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Let’s call it what it …

Chip maker’s shares plunge in record single-day value loss for a US firm
3 months, 2 weeks ago

Chip maker’s shares plunge in record single-day value loss for a US firm

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 Shares in US chip maker …

Amid trade war with West, China buys more chipmaking tools than South Korea, Taiwan & US: Report
3 months, 3 weeks ago

Amid trade war with West, China buys more chipmaking tools than South Korea, Taiwan & US: Report

Firstpost  

China has spent a record $25 billion in buying chipmaking equipment so far this year and is expected to spend $50 billion by the end of the year Amid an escalating trade war with the West, China has emerged as the top buyer of chipmaking tools this year, according to a report. Amid such a conflict, the Semiconductor Equipment and …

China chipmaker SMIC beats Q2 estimates despite steep profit fall
4 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 …

Stock market today: Asian shares sink, weighed down by Wall St tech retreat, China policy questions
5 months ago

Stock market today: Asian shares sink, weighed down by Wall St tech retreat, China policy questions

Associated Press  

Asian shares retreated Friday after a broad washout across Wall Street dragged U.S. stocks lower, and Hong Kong’s benchmark fell more than 2% as investors remained wary over China’s plans for helping its ailing property sector. AP AUDIO: Stock market today: More drops for big tech stocks keep dragging Wall Street lower AP business correspondent Seth Sutel has the AP …

Stock market today: Asian shares mostly fall as dive for Big Tech stocks hits Wall St rally
5 months ago

Stock market today: Asian shares mostly fall as dive for Big Tech stocks hits Wall St rally

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 Asian shares were mostly lower …

US stock market: Intel shares buck the chips rout, rise 8%
5 months ago

US stock market: Intel shares buck the chips rout, rise 8%

Live Mint  

Intel Corp. shares bucked the chips rout on Wednesday, rising as much as 8.2 per cent on speculations that the company could benefit from policies under either a Biden or Trump administration. Chip stocks plunged on worries over trade curbs on companies giving China access to advanced semiconductor technology. According to a Bloomberg report, the Biden administration has told US …

Stock market today: Asian shares mostly fall as dive for Big Tech stocks hits Wall St rally
5 months ago

Stock market today: Asian shares mostly fall as dive for Big Tech stocks hits Wall St rally

Associated Press  

TOKYO — Asian shares were mostly lower Thursday, with Tokyo’s benchmark dipping more than 2%, after Wall Street’s record-breaking rally slammed into a wall of worries over potentially worsening trade tensions with China. The markets’ spotlight was squarely on chip companies after a report from Bloomberg News said President Joe Biden is considering the most severe trade restrictions available if …

Chinese AI chip firms downgrading designs to secure TSMC production, sources say
6 months, 2 weeks ago

Chinese AI chip firms downgrading designs to secure TSMC production, sources say

The Hindu  

Some Chinese AI chip companies are now designing less powerful processors to retain access to Taiwan Semiconductor Manufacturing Co production in the face of U.S. sanctions, four people with knowledge of the matter said. The most recent set of U.S. export controls imposed last October have exposed just how limited China's production capacity for advanced chips is and how dependent …

Stock market today: Asian shares shrug off latest Wall St rout as Chinese factory activity weakens.
6 months, 3 weeks ago

Stock market today: Asian shares shrug off latest Wall St rout as Chinese factory activity weakens.

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

China stocks edge down; HK shares fall after 10-day winning streak
7 months, 2 weeks ago

China stocks edge down; HK shares fall after 10-day winning streak

Hindustan Times  

SHANGHAI, - China stocks edged down on Tuesday, dragged by tech stocks, while foreign investors turned net sellers by midday, and Hong Kong shares retreated after a 10-day winning streak. China stocks edge down; HK shares fall after 10-day winning streak Foreign capital sold 3.3 billion yuan worth of shares by midday via the Stock Connect scheme's northbound link. ** …

China markets slump to 5-year lows as regulator promises to protect small investors
10 months, 2 weeks ago

China markets slump to 5-year lows as regulator promises to protect small investors

Associated Press  

BANGKOK — Chinese shares gyrated on Monday, sinking to 5-year lows after market regulators sought to reassure jittery investors with a promise to crack down on stock price manipulation and “malicious short selling.” Shares in Shanghai and the smaller market in Shenzhen, near Hong Kong, swung between big losses and small gains throughout the day. “We will continue to increase …

Apple's China sales tumble highlights waning clout as local brands gain
10 months, 3 weeks ago

Apple's China sales tumble highlights waning clout as local brands gain

The Hindu  

Apple's weak China sales performance may have shocked investors, but customers and analysts have been noting the rising challenges the company faces in its third-largest market. Intensifying competition from domestic rivals, coupled with longer upgrade cycles as consumers spend more cautiously amid an economic slowdown, have stunted Apple's China growth, with sales there nosediving by 13% in the quarter ending …

China rebukes U.S. over latest chip restrictions
1 year, 2 months ago

China rebukes U.S. over latest chip restrictions

The Hindu  

China has lodged a stern rebuke of the United States over its latest chip curbs, China's foreign ministry said on Wednesday, after the Biden administration published new measures to further restrict Beijing's access to cutting-edge technologies. Washington on Tuesday said it plans to halt shipments to China of more advanced artificial intelligence chips designed by Nvidia and others. It also …

Semiconductor sale restrictions hurting 'chip alliance' members
1 year, 2 months ago

Semiconductor sale restrictions hurting 'chip alliance' members

China Daily  

Semiconductor chips are seen on a printed circuit board in this illustration picture taken Feb 17, 2023. A year after the Joe Biden administration took the first step toward restricting semiconductor sales to China, it has begun drafting additional measures. But progress has slowed down in recent months as US chip companies are telling the government that cutting sales to …

Asian stocks sink before US Congress votes on deal to avoid debt default
1 year, 6 months ago

Asian stocks sink before US Congress votes on deal to avoid debt default

Associated Press  

BEIJING — Asian stock markets sank Wednesday ahead of a vote by Congress on a deal to avert a government debt default, while a downturn in Chinese factory activity deepened, adding to signs global economic activity is weakening. Wall Street’s benchmark S&P 500 index edged up less than 0.1% on Tuesday as President Joe Biden and U.S. House Speaker Kevin …

Asian shares mostly sink on jitters after US bank failure
1 year, 9 months ago

Asian shares mostly sink on jitters after US bank failure

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 Asian shares mostly fell Monday, …

China’s video game makers come in from the cold as crackdown eases
1 year, 11 months ago

China’s video game makers come in from the cold as crackdown eases

The Hindu  

China's end to a sweeping crackdown on its video games market is expected to breathe life back into the battered industry this year, but remaining restrictions on some content and economic headwinds will limit the extent of the recovery. Shares of Tencent, the world's largest gaming company, and NetEase rose this week after China's video games regulator granted the first …

Are Taiwanese chip firms decoupling from China? | Today’s Cache
2 years, 1 month ago

Are Taiwanese chip firms decoupling from China? | Today’s Cache

The Hindu  

The U.S. has been stifling China’s advances in building technology using American intellectual property. Caught between the two countries are Taiwanese chip firms as both China and the U.S. are keen to curry favour with companies that count major technology firms like Apple, Nvidia and Qualcomm as their customers. Despite large-scale investments in the U.S. by Taiwan Semiconductor Manufacturing Company …

China’s factory slowdown worse than expected
2 years, 1 month ago

China’s factory slowdown worse than expected

Live Mint  

China’s factory activity contracted in October after a short-lived improvement, a fresh sign of the toll from the country’s stringent Covid policies and of fading global demand for Chinese-made goods. Sales of new homes at China’s 100 largest property developers fell 28% in October from a year earlier, the 16th consecutive month of declines, according to China Real Estate Information …

China chip imports drop 12.4% year-on-year in September, govt data
2 years, 1 month ago

China chip imports drop 12.4% year-on-year in September, govt data

The Hindu  

China's chip imports fell 12.4% in September, according to official customs data published on Monday, continuing a decline amid tensions with the United States and an ongoing chip shortage. Chip imports to China surged in 2021, as tensions between the U.S. and China over technology policy escalated and a global chip shortage caused many companies in China to stockpile supplies. …

China chip industry group ‘troubled’ by US export curbs
2 years, 2 months ago

China chip industry group ‘troubled’ by US export curbs

Al Jazeera  

China’s top trade group for the chip sector has said it is “disappointed” by recent US export controls and warned they could put more stress on global supply chains. Last week, the US Department of Commerce passed a sweeping set of regulations aimed at kneecapping advancements in China’s semiconductor industry. If enforced broadly, the regulations could bar research labs and …

US STOCKS-Nasdaq falls as U.S. export controls on China...
2 years, 2 months ago

US STOCKS-Nasdaq falls as U.S. export controls on China...

Daily Mail  

U.S. bond market shut for Columbus Day holiday * S&P 500 tech sector leads declines * Indexes: Nasdaq down 0.69%, Dow up 0.19%, S&P down 0.26% By Shreyashi Sanyal and Bansari Mayur Kamdar Oct 10 - The Nasdaq hit a two-year low on Monday as chipmakers bore the brunt of U.S. efforts to hobble China's semiconductor industry, while investors treaded …

Global chip stocks tumble as Biden expands technology curbs on China: Report
2 years, 2 months ago

Global chip stocks tumble as Biden expands technology curbs on China: Report

Hindustan Times  

Semiconductor stocks across the globe slipped Monday after fresh US curbs on China’s access to American technology added to a disappointing start to the earnings season, stoking concerns that the industry’s downturn is far from over. The new strategy suggests that Washington aims to “freeze in” China at its current level, enabling the US to increase its lead, said Gabriel …

Chip stocks sink to lowest since 2020 as U.S. expands China curbs
2 years, 2 months ago

Chip stocks sink to lowest since 2020 as U.S. expands China curbs

LA Times  

A chip from Taiwan Semiconductor Manufacturing Co. is displayed at the World Semiconductor Conference in Nanjing, China, in August 2020. Shares of semiconductor companies fell Monday, with the industry selling off globally after fresh U.S. curbs on China’s access to American technology added to a disappointing start to the earnings season, stoking concern that the industry’s downturn is far from …

China lashes out at latest U.S. export controls on chips
2 years, 2 months ago

China lashes out at latest U.S. export controls on chips

The Hindu  

China on Saturday criticized the latest U.S. decision to tighten export controls that would make it harder for China to obtain and manufacture advanced computing chips, calling it a violation of international economic and trade rules that will “isolate and backfire” on the U.S. “Out of the need to maintain its sci-tech hegemony, the U.S. abuses export control measures to …

China lashes out at latest U.S. export controls on chips
2 years, 2 months ago

China lashes out at latest U.S. export controls on chips

Associated Press  

BEIJING — China on Saturday criticized the latest U.S. decision to tighten export controls that would make it harder for China to obtain and manufacture advanced computing chips, calling it a violation of international economic and trade rules that will “isolate and backfire” on the U.S. “Out of the need to maintain its sci-tech hegemony, the U.S. abuses export control …

New Restrictions in Order as US Takes Aim at China’s Semiconductor Industry Ambitions: Report
2 years, 2 months ago

New Restrictions in Order as US Takes Aim at China’s Semiconductor Industry Ambitions: Report

News 18  

The Biden administration is ramping up its efforts to contain China’s ability to make cutting-edge circuitry by preparing export controls which will further impact its semiconductor sector. China’s semiconductor industry growth could face a stumbling block as the US, South Korea and European countries could enforce joint export restrictions as they hold a near-monopoly over production and sales of key …

China demands US drop tech export curbs after Nvidia warning
2 years, 3 months ago

China demands US drop tech export curbs after Nvidia warning

Associated Press  

BEIJING — The Chinese government on Thursday called on Washington to repeal its technology export curbs after California-based chip designer Nvidia said a new product might be delayed and some work might be moved out of China. Nvidia said it was told last week it needs a U.S. government license to export any product with performance equal to its A100 …

How China became ground zero for the auto chip shortage
2 years, 5 months ago

How China became ground zero for the auto chip shortage

The Hindu  

From his small office in Singapore, Kelvin Pang is ready to wager a $23 million payday that the worst of the chip shortage is not over for automakers – at least in China. German chipmaker Infineon told Reuters it is "rigorously investing and expanding manufacturing capacities worldwide" but said shortages may last until 2023 for chips outsourced to foundries. "As …

Taiwanese Chip Firms Gain Amid Global Shortage Issues
2 years, 5 months ago

Taiwanese Chip Firms Gain Amid Global Shortage Issues

News 18  

TAIPEI:Order books for both mature and advanced semiconductor nodes for Taiwanese chip firms are still very full, Economy Minister Wang Mei-hua said on Wednesday, amid concerns about a slowdown in tech-related demand. A significantly weaker-than-expected business outlook by memory-chip firm Micron Technology Inc last Thursday raised concern that, following nearly two years of strong demand, the industry was turning towards …

China stocks: Alibaba and JD.com rally on hopes tech crackdown is ending soon
2 years, 6 months ago

China stocks: Alibaba and JD.com rally on hopes tech crackdown is ending soon

CNN  

Hong Kong CNN Business — Shares in Chinese tech companies have surged this week on hopes that Beijing is close to ending a yearlong regulatory crackdown on the industry. The gains followed a strong session for Chinese stocks on Wall Street on Monday,when the Nasdaq Golden Dragon China Index soared 5.4%. “The headline sparked speculation that Beijing was ending the …

Global Chip Shortage Could Ease This Year Despite China Lockdowns
2 years, 8 months ago

Global Chip Shortage Could Ease This Year Despite China Lockdowns

ABP News  

New Delhi: The global chip shortage, that plagued several industries like automotive and consumer electronics, is set to ease during the second half of the year despite lockdowns in China as demand-supply gaps decrease across most components, a new report has said. “Coupled with wafer production expansion and continuous supplier diversification, we have witnessed significant improvement in the component supply …

SMIC stock falls after China’s top chipmaker loses a quarter of its board overnight
3 years, 1 month 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 …

China’s manufacturing weakens for first time since Covid-19 erupted
3 years, 2 months ago

China’s manufacturing weakens for first time since Covid-19 erupted

Live Mint  

China’s manufacturing activity contracted in September, ending an 18-month expansion that powered the country’s recovery from the pandemic, with power curbs in hubs threatening further disruption. China’s manufacturing purchasing managers index fell to 49.6 in September, the National Bureau of Statistics in Beijing said Thursday. Below the headline PMI figure, subindexes measuring production, total new orders, new export orders and …

An $11 billion distraction for China’s chip ambitions
3 years, 3 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, 3 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 …

China regulator targets auto chip distributors with price-gouging probe
3 years, 4 months ago

China regulator targets auto chip distributors with price-gouging probe

The Hindu  

China's regulatory agency is launching an investigation into chip distributors in the auto industry, it said on Tuesday, citing suspicions of price gouging. "In response to prominent problems such as speculation and high prices in the automotive chip market, the State Administration of Market Supervision has recently filed an investigation on car chip distributors," the agency said. Concerns about supply …

Beijing calls for calm after historic tech stock rout
3 years, 4 months ago

Beijing calls for calm after historic tech stock rout

CNN  

Hong Kong CNN Business — Chinese state media is urging investors to stay calm following a brutal stock market sell-off this week that has wiped out hundreds of billions of dollars in value. Chinese state-run newspaper Securities Times published a commentary Wednesday acknowledging the “changes in policy for certain industries” after a market rout on Monday and Tuesday that came …

Tencent, Alibaba, Meituan stocks continue to plunge as China expands its crackdown
3 years, 4 months ago

Tencent, Alibaba, Meituan stocks continue to plunge as China expands its crackdown

CNN  

Hong Kong CNN Business — Chinese tech stocks keep getting slammed with a stunningly massive sell-off that has wiped outhundredsof billions of dollars in market valueas investors continue to digest Beijing’s widening crackdown on private enterprise. Meituan closed down 17.7% in Hong Kong on Tuesday, eclipsing Monday’s massive 14% loss — making it the food delivery firm’s worst two days …

Didi, Alibaba, Tencent stocks roiled by worsening crackdown
3 years, 5 months ago

Didi, Alibaba, Tencent stocks roiled by worsening crackdown

CNN  

Hong Kong CNN Business — China is not slowing down with its historic tech crackdown. A bunch of antitrust fines The latest concerns unfolded Wednesday when China’s antitrust regulator fined several internet companies — including Didi, Alibaba and Tencent — over accusations that they violated thecountry’sAnti-Monopoly Law while making mergers or acquisitions over the last 10 years, according to the …

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