Tag: SMIC

Finance

China’s SMIC Warns of ‘Rapid Freeze’ as Smartphone Demand Skids

08/12/2022
Bitcoin Ethereum News

(Bloomberg) — Semiconductor Manufacturing International Corp. warned that clients in sectors such as smartphones were freezing orders, underscoring how a downturn in consumer electronics demand ...

Finance

China takes steps to shore up supply chains by putting Tesla and SMIC on ‘white list’

04/19/2022
Bitcoin Ethereum News

Chinese authorities are taking steps to shore up supply chains that have been battered by strict lockdown measures, including drawing up “white lists” of companies that can resume producti...

Finance

Philippine Billionaire Sy Family’s SM Investments Takes Over Geothermal Company In $304 Million Deal

04/03/2022
Bitcoin Ethereum News

SM Investments is taking over Philippine Geothermal, which produces electricity from geothermal … [+] steam fields in Bicol, south of the Philippine capital of Manila and famous for its pictures...

Finance

China’s chip champion SMIC appoints new chairman amid intensifying US scrutiny

03/21/2022
Bitcoin Ethereum News

Semiconductor Manufacturing International Corp (SMIC), seen as China’s best chance to achieve self-sufficiency in chips, has appointed a new chairman as it faces greater scrutiny from Washington...