Chinese chipmaker SMIC posts record revenue despite US sanctions

China’s largest chipmaker Semiconductor Manufacturing International Corporation reported record revenue and a surge in profit last year amid a global chip shortage but strong demand. SMIC recorded 2021 revenue of $ 5.44 billion up 39% year-on-year, the fastest growth rate since 2010. Profit came in at $ 1.7 billion marking a 138% year-on-year rise. That … Read more

GlobalFoundries investor Mubadala sees growth for the semiconductor sector

According to the CEO of Abu Dhabi sovereign wealth fund Mubadala, who said chipmakers are poised to play a “critical” role in the global economy, the semiconductor industry is on track to achieve exponential growth over the next decade. “It took 50 years for the semiconductor industry to become a half-trillion dollar company. It will … Read more

China pushes to design its own chips, but still relies on foreign technology

A technologist inspects a computer chip. Sefa Ozel | E+ | Getty Images GUANGZHOU, China – China’s tech giants have been pushing to develop their own semiconductors or chips, a move seen as progress toward China’s goal of becoming self-sufficient in critical technology. In reality, China is still a long way off, even if it … Read more