Chipmaking Gear Companies Record Sales Growth in China
Leading manufacturers of equipment used in making microcircuits have recorded a sharp increase in the share of revenue they receive in the Chinese market.
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China’s Retail Sales and Factory Exceed Expectations
According to October results, retail sales and industrial production volumes were recorded in China, which exceeded initial expectations.
Xiaomi and Huawei Lead China Phone Market
Huawei Technologies Co. and Xiaomi Corp. have activated the Chinese mobile phone market, which showed double-digit growth in October.
Meta Plans to Bring Its Mixed Reality Headset to China
Meta Platforms Inc. has approached the conclusion of a deal that will provide this technology giant with the opportunity to supply a mixed-reality headset to the Chinese market.
China’s Largest Chipmaker SMIC Reports Drop in Profit
The largest Chinese manufacturer of chips SMIC last Thursday, November 9, reported that at the end of the third quarter of this year, its profit indicator showed a significant drop.
Nvidia Reportedly to Release New AI Chips for China
The media reported that Nvidia Corporation plans to release three new artificial intelligence chips developed specifically for the Chinese market.
HSBC CEO Says About Increasing Diversification Away From China
HSBC CEO Noel Quinn said that there is currently a trend of increasing diversification outside of China, noting that this process does not only concern foreign companies.
Ant Group Partners PayNet for Cross-Border Digital Payments
Travellers with Ant Group’s Alipay+ partner e-wallets from China, Hong Kong, Philippines, Mongolia, Macau, Japan, South Korea and Thailand can now make QR payments at over 1.8 million PayNet’s DuitNow touchpoints across Malaysia
Chinese Leaders Positively Evaluate State of This Country’s Economy
Senior Chinese officials at the investment summit in Hong Kong said that the state of affairs in the economic system of this Asian country is not catastrophic or totally negative, appealing to world financiers not to worry about Beijing’s prospects in the relevant sphere.
Chinese AI Unicorn 01.AI Plans to Rival Meta’s Llama 2
Media reports that a Chinese startup 01.AI achieved unicorn status less than eight months after launch.
Volume of Foreign Investments in Chinese Economy Shows Decline
Currently, China, which is the second economy in the world, is making active efforts to attract foreign investment and is striving to ensure that companies from other countries do business in this Asian state.
China Plans to Build Advanced Humanoid Robots
China intends to make a breakthrough in the science fiction industry by creating humanoid robots.
China’s Factory Activity Declines
At the end of October, a decrease in the level of production activity was recorded in China.
HSBC Warns of Negative Prospects of China’s Property Market
HSBC on Monday, October 30, announced that the Chinese real estate market has the potential for further deterioration of the situation.
Huawei’s Profit Doubles
According to the results of the last quarter, the profit indicator of Huawei Technologies Co. showed more than a twofold increase.
TSMC Founder Says About Impact of Tensions Between US and China on Global Chip Industry
Morris Chang, founder of Taiwan Semiconductor Manufacturing Co, one of the world’s largest chip fabricators, said that the current tension in relations between China and the United States is a factor negatively affecting the state of affairs in the sphere of global production of microcircuits, slowing down the processes in this industry.
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