China’s Largest Chipmaker SMIC Reports Drop in Profit
The largest Chinese manufacturer of chips SMIC last Thursday, November 9, reported that at the end of the third quarter of this year, its profit indicator showed a significant drop.
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Nvidia Reportedly to Release New AI Chips for China
The media reported that Nvidia Corporation plans to release three new artificial intelligence chips developed specifically for the Chinese market.
HSBC CEO Says About Increasing Diversification Away From China
HSBC CEO Noel Quinn said that there is currently a trend of increasing diversification outside of China, noting that this process does not only concern foreign companies.
Ant Group Partners PayNet for Cross-Border Digital Payments
Travellers with Ant Group’s Alipay+ partner e-wallets from China, Hong Kong, Philippines, Mongolia, Macau, Japan, South Korea and Thailand can now make QR payments at over 1.8 million PayNet’s DuitNow touchpoints across Malaysia
Chinese Leaders Positively Evaluate State of This Country’s Economy
Senior Chinese officials at the investment summit in Hong Kong said that the state of affairs in the economic system of this Asian country is not catastrophic or totally negative, appealing to world financiers not to worry about Beijing’s prospects in the relevant sphere.
Chinese AI Unicorn 01.AI Plans to Rival Meta’s Llama 2
Media reports that a Chinese startup 01.AI achieved unicorn status less than eight months after launch.
Volume of Foreign Investments in Chinese Economy Shows Decline
Currently, China, which is the second economy in the world, is making active efforts to attract foreign investment and is striving to ensure that companies from other countries do business in this Asian state.
China Plans to Build Advanced Humanoid Robots
China intends to make a breakthrough in the science fiction industry by creating humanoid robots.
China’s Factory Activity Declines
At the end of October, a decrease in the level of production activity was recorded in China.
HSBC Warns of Negative Prospects of China’s Property Market
HSBC on Monday, October 30, announced that the Chinese real estate market has the potential for further deterioration of the situation.
Huawei’s Profit Doubles
According to the results of the last quarter, the profit indicator of Huawei Technologies Co. showed more than a twofold increase.
TSMC Founder Says About Impact of Tensions Between US and China on Global Chip Industry
Morris Chang, founder of Taiwan Semiconductor Manufacturing Co, one of the world’s largest chip fabricators, said that the current tension in relations between China and the United States is a factor negatively affecting the state of affairs in the sphere of global production of microcircuits, slowing down the processes in this industry.
Expert Says About Futility of US Attempts to Stop Huawei’s Technical Progress
Burn J. Lin, former vice president of Taiwan Semiconductor Manufacturing Co., said that, in his opinion, the United States will not be able to stop the development of Chinese companies, including Semiconductor Manufacturing International Corp. and Huawei Technologies Co., in the sphere of chip production.
Apple CEO Visits China Amid iPhone Sales Drop
The media reports that Apple CEO Tim Cook visited China, one of the largest markets for the company’s products and an important manufacturing center, as part of an unannounced trip.
Chinese Authorities Investigate Foxconn
The Chinese authorities are once again taking moves that can be described as measures within the framework of the concept of unfriendly attitude towards business, having launched an investigation into the activities of Taiwan-based Foxconn Technology Group, one of Apple’s main partners and one of the largest employers in this country.
Global Exodus From Chinese National Equities Shows Growth
Foreign financial managers are leaving posts in some of their largest companies in China’s technology sector.
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