HBM3

Tech war: China’s chip imports surge as firms stockpile ahead of fresh US restrictions

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Tech war: China’s chip imports surge as firms stockpile ahead of fresh US restrictions

In the first seven months of 2024, chip imports totalled 308.1 billion units, worth about US$212 billion, according to data published on Wednesday by the General Administration of Customs. That marked a 14.5 per cent year-on-year jump in volume and 11.5 per cent increase in dollar value. The surge in IC imports reflects expectations that … Read more

Samsung profit surges most in years after chip arm recovery

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Samsung profit surges most in years after chip arm recovery

Samsung Electronics reported its fastest pace of net income growth since 2010 after the artificial intelligence boom lifted earnings at its semiconductor division. The world’s largest maker of memory and smartphones posted a six-fold surge in net income to 9.64 trillion won (US$6.96 billion) in the June quarter, versus the average analysts’ projection for 7.97 … Read more