Here is some news about SMIC:
- Impact of US Sanctions: SMIC, China's largest chipmaker, has been manufacturing advanced chips despite US sanctions designed to slow down Beijing's progress in the semiconductor industry1. This defiance comes as SMIC produced a sophisticated chip for Huawei's Mate 60 Pro phone, which used a 7 nanometer process1. However, the company still faces significant challenges in the long-term viability of its advancements1.
- Split of Intel: Intel's strategic split into Intel Foundry and Intel Product has implications for SMIC and the semiconductor industry as a whole2. Intel Foundry aims to be a Western foundry at scale, which could compete with SMIC and other industry leaders2. This move by Intel could lead to increased competition and innovation in the chip manufacturing sector.
- Market Performance: In the Chinese market, SMIC's stock performance has been mixed, with gains and declines depending on various factors such as sector performance and investor sentiment3. For example, while the Hang Seng and Hang Seng Tech indexes fell, SMIC's stock gained +3.15%3. This indicates that SMIC's stock is influenced by broader market trends as well as company-specific factors.
- Alibaba and SoftBank Earnings: SMIC, along with Alibaba, are expected to report earnings amid a cautious backdrop after a rough post-Covid recovery for China4. This could provide insights into the demand for smartphones and consumer electronics in China, which is a significant market for SMIC.
In conclusion, SMIC is facing challenges and opportunities in the semiconductor industry, including US sanctions, competition from companies like Intel, and market dynamics in China. These factors will continue to shape the company's future and impact its performance in the global semiconductor market.
6/16/2024 00:34am
