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2024-05-10

[News] US Reportedly to Ban Import of Chinese Connected Vehicles

As per a report from Reuters, US Commerce Secretary Raimondo stated on May 8th that the need for the government to take the threat posed by China-produced connected cars more seriously, suggesting potential "extreme action" to restrict or prohibit the import of such vehicles to prevent the leakage o...

2024-05-10

[News] U.S. Reportedly to Announce New Tariffs on Chinese EVs and Other Products as Early as Next Tuesday

According to sources cited in a report from Bloomberg, the US administration is expected to announce its decisions on tariffs for imported goods from China as early as next week. The tariff decision is anticipated to target key strategic industries, including electric cars, The tariff decision is a...

2024-05-10

[News] China’s Leading Semiconductor Foundry, SMIC, Sees 68% Decline in Q1 Net Profit

On May 9th, China's leading semiconductor foundry, SMIC International, announced its financial report for the first quarter of this year. It revealed a revenue of USD 1.75 billion, a year-on-year increase of 19.7%, and a net profit of USD 71.8 million, marking a significant 68.9% decrease compared t...

2024-05-10

[News] Intel Secures First Batch of High-NA EUV Equipment from ASML, Ahead of Samsung and SK Hynix

Intel has secured its supply of the new High-NA EUV (high-numerical aperture extreme ultraviolet) lithography equipment from ASML, which the semiconductor heavyweight will allegedly use on its 18A (1.8nm) and 14A (1.4nm) nodes, according to reports from TheElec and Wccftech. According to sources ...

2024-05-10

[News] Chip Sales Ban on Huawei Leads to Intel’s Downgraded Q2 Revenue

According to a report from Bloomberg, Intel, the chip giant, expects its revenue for the current quarter to be impacted after the US government revoked chip sales licenses to Huawei. Intel estimates that its revenue for the second quarter of this year will be below USD 13 billion, though still withi...

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