Zhou Hongyi, the founder of Chinese internet security firm 360 Security Technology, which has joined China’s race to launch its own ChatGPT-style large language model, said the introduction of Sora was like a “barrel of cold water poured down China’s head”, Chinese media Yicai reported on Friday. “It cools down the heads of many people, … Read more
Semiconductor Manufacturing International Corp (SMIC), China’s top contract chip maker, reported declines in revenue and net income for 2023 amid weakening global demand, stiff competition and high inventory levels. SMIC’s revenue for the full year was US$6.32 billion, compared with US$7.27 billion in 2022. Net income for the latest year fell 50.4 per cent to … Read more
TSMC, the world’s largest contract chip maker, said that Toyota Motor Corp will be joining as a new investor of Japan Advanced Semiconductor Manufacturing (JASM), the Taiwanese firm’s majority-owned manufacturing subsidiary in Kumamoto Prefecture on the southwestern island of Kyushu. The TSMC board on Tuesday approved an injection of no more than US$5.26 billion in … Read more
Facebook owner Meta Platforms plans to deploy into its data centres this year a new version of a custom chip aimed at supporting its artificial intelligence (AI) push, according to an internal company document seen by Reuters on Thursday. The second-generation chip, from an in-house silicon line that Meta announced last year, could help to … Read more
Taiwan Semiconductor Manufacturing Co (TSMC) expects a return to solid growth this quarter and gave itself room to raise capital spending this year, suggesting the world’s most valuable chip maker anticipates a recovery in smartphone and computing demand. The main semiconductor supplier to Apple and Nvidia Corp projected revenue growth of at least 8 per … Read more
This article was first published by The Korea Times in a partnership with the South China Morning Post. A resident of eastern Jiangsu province, 48-year-old Shen Ling used to own a number of Samsung Electronics smartphones in the 2010s, attracted by the devices’ well-designed appearance and popularity among consumers across mainland China. “It was once … Read more
Shanghai-based AMEC said in a regulatory filing on Sunday that its 2023 revenue is expected to reach 6.26 billion yuan (US$879 million), up 32.1 per cent from the previous year, on the back of strong domestic demand. The company said it recorded 8.36 billion yuan worth of new orders, a 32.3 per cent year-on-year increase. … Read more
Delivering his acceptance speech on Saturday, Taiwan’s president-elect William Lai Ching-te vowed to spare no efforts to further develop the island’s critical chip and semiconductor industry. “As president, I will continue to assist the development of the semiconductor industry, from materials, equipment, research and development, integrated circuit design, manufacturing to wafer fabrication and testing for … Read more
“Tailwinds are blowing,” said Kazuma Kishikawa, an economist at Daiwa Institute of Research. The Taiwanese company’s US$8.6 billion plant along with other vast spending plans by its peers such as Rapidus and Micron Technology could spur more investment and competition for talent and hence labour market liquidity and wage growth in broader sectors, he said. … Read more
