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 beating forecasts. Global semiconductor sales rose 18.3% to $149.9 billion in the second quarter, with the Chinese market growing 21.6%, according to the Semiconductor Industry Association. While SMIC primarily produces basic chips for less sophisticated electronics, it gained attention after a Huawei smartphone teardown revealed an SMIC-made chip among the most advanced produced in China.

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History of this topic

China's high-tech manufacturing sector profits up 6.3% YoY in Jan-Sep, showing resilience: NBS
1 month, 3 weeks ago

China's high-tech manufacturing sector profits up 6.3% YoY in Jan-Sep, showing resilience: NBS

China Daily  

An employee checks intelligent manufacturing equipment at a tech company in Ganzhou, Jiangxi province. China's high-tech manufacturing sector's profits rose 6.3 percent year-on-year in the first three quarters of 2024, driven by rapid production growth. Within high-end equipment manufacturing, profits in spacecraft and launch vehicle production rose 17.1 percent year-on-year, while profits in specialized semiconductor equipment manufacturing rose 13.2 percent, …

TSMC second-quarter profit seen jumping 30% on surging AI chip demand
5 months, 1 week ago

TSMC second-quarter profit seen jumping 30% on surging AI chip demand

The Hindu  

Taiwan Semiconductor Manufacturing Co, the main producer of advanced chips used in artificial intelligence applications, is expected to report a 30% rise in second-quarter profit on Thursday thanks to soaring demand. The world's largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge towards AI that has pushed TSMC's stock - and the broader Taiwan market …

iPhone manufacturer Foxconn beats Street estimates in Q4; Net profit climbs 33% YoY on strong AI demand
9 months, 1 week 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 …

Dell Technologies Q2 revenue beats estimates; raises full-year forecasts
1 year, 3 months ago

Dell Technologies Q2 revenue beats estimates; raises full-year forecasts

Live Mint  

Dell Technologies shares rallied 8% in extended trading on Thursday after the company raised its full-year revenue and profit forecast. The company forecast third-quarter revenue between $22.5 billion and $23.5 billion beating analysts’ estimates of $21.67 billion, according to Refinitiv data. For the full year, Dell Technologies now expects revenue between $89.5 billion and $91.5 billion, and earnings per share …

TSMC flags 10% fall in 2023 sales, spending at low end of forecast
1 year, 5 months ago

TSMC flags 10% fall in 2023 sales, spending at low end of forecast

The Hindu  

Taiwanese chipmaker TSMC forecast a 10% drop in 2023 sales on Thursday after reporting a 23% fall in second-quarter earnings as global economic woes dented demand for chips used in applications as varied as cars, cellphones and servers. The world's largest contract chipmaker estimated investment spending for this year at the lower end of a previous estimate of $32-$36 billion …

Intel Posts Biggest Loss In Company History In Q1: Report
1 year, 7 months ago

Intel Posts Biggest Loss In Company History In Q1: Report

ABP News  

Chipset-making giant Intel Corp posted its first quarter earnings, barely beating analysts' expectations while reporting the largest quarterly loss in the company's history, the media has reported. Intel's Q1 results showed a staggering 133 per cent annual reduction in earnings per share while revenue dropped nearly 36 per cent year over year to $11.7 billion, says a report by CNBC. …

TSMC defies chip downturn with record Q4; cuts 2023 capex as demand weakens
1 year, 11 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%
1 year, 11 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, 2 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 …

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 …

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 …

PC Demand Slump Forcing Intel To Revise Its Yearly Market Projections: What It Means
2 years, 4 months ago

PC Demand Slump Forcing Intel To Revise Its Yearly Market Projections: What It Means

News 18  

-Intel Corp slashed its annual sales and profit forecasts on Thursday after missing estimates for second-quarter results as demand for its chips used in personal computers cools, sending shares down 10%. The company also forecast current-quarter results well below expectations, blaming the "sudden and rapid decline" in economic activity and execution issues. "The economic shift was harsher and drove not …

TSMC sees resilient chip sales boosting Q3; electronics demand cooling
2 years, 5 months ago

TSMC sees resilient chip sales boosting Q3; electronics demand cooling

The Hindu  

Taiwan's TSMC forecast revenue growth that could be the highest in 10 quarters, saying it was "highly confident" about its long-term prospects and touted demand for high-tech chips used in 5G networks and artificial intelligence. In the second quarter ended June 30, TSMC's revenue rose 36.6%, and net profit surged 76.4% - the biggest jump in eight quarters and handily …

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 …

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 …

World going through unprecedented chip shortage
3 years, 9 months ago

World going through unprecedented chip shortage

The Hindu  

The world is going through an unprecedented chip shortage, Zhou Zixue, a senior official with the China Semiconductor Industry Association, said on Wednesday, after semiconductor sales grew 18% last year. "If you are an experienced player, you will remember that in 1999 there was a similar crisis in this industry, but it was way smaller," Zhou, chairman of Semiconductor Manufacturing …

Worldwide Semiconductor Market Grew 5.4% in 2020 to Reach $442 Billion: IDC Report
3 years, 10 months ago

Worldwide Semiconductor Market Grew 5.4% in 2020 to Reach $442 Billion: IDC Report

News 18  

The worldwide semiconductor market performed better than expected in 2020, the International Data Corporation said in its Semiconductor Applications Forecaster report. IDC said that the worldwide semiconductor market grew by 5.4 percent year-on-year to a total of $442 billion in 2020. The IDC report said that the Dynamic random access memory and NAND semiconductor markets also saw recovery after a …

Chip sales rose 6.5% globally in 2020 after year-end rush
3 years, 10 months 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 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 …

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