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China is increasing its spending to replace Western-made technology with domestic alternatives as the US tightens restrictions on high-tech exports to its rival. Chinese iPhone sales have fallen by 10% as Huawei emerges as a competitor. A prominent think tank suggests that the US and its allies should not only bar Chinese access to advanced chipmaking gear but also restrict older semiconductor technologies. Tensions between the US and China are expected to slow down the global chip industry, according to the founder of TSMC. Despite US sanctions, Huawei reports modest revenue growth for the first three quarters of the year, with a 118% increase in net profit in the September quarter.
Huawei’s profit more than doubled in the September quarter when it unveiled its biggest achievement in chip technology, adding to signs the tech giant is steadying a business rocked by U.S. sanctions. Net profit surged 118% to $3.6 billion. https://t.co/Ykax4VOOrX
Recall the US sought to crush Huawei out of existence? Huawei reported revenue of 456.6bn yuan for the first three quarters of 2023 whilst profits rose by 178% yoy.
Former Tech Exec Warns US Can't Halt China's Chip Advances https://t.co/SeZ6Lvh46M
Chinese smartphones sales fell 3% YoY in Q3; Honor leads with 18.3%, Huawei grew the most, up 37% YoY, after the Mate 60's launch, and Apple dropped 10% YoY (Counterpoint Research) https://t.co/WfjnK8TQ28 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/jXnv8hvmcG
Lin was VP at TSMC and helped develop immersion lithography. Current US efforts in chip war are likely to backfire. https://t.co/oeGJGSmMxQ https://t.co/b9TDqWBffY
In 50 Words: Huawei Q3 improves net profit on Mate 60 Pro sales https://t.co/NWTwVIyd9i
The Chinese tech leader is steadying a business rocked by US sanctions https://t.co/6VaXRatAYc
The Chinese tech leader is steadying a business rocked by US sanctions https://t.co/0q6khyZU5b
Huawei reports Q3 revenue up 1% YoY to ~$19.9B, revenue for Q1 to Q3 2023 up 2.4% YoY to ~$62.3B, and a 16% profit margin in Q1 to Q3, up from 15% in H1 2023 (@chengevelyn / CNBC) https://t.co/rJhQhM4nmv 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/jVwoUA51tv
The Chinese tech leader is steadying a business rocked by US sanctions https://t.co/YYTWotfv5L
China's Huawei reports modest revenue growth for first three quarters https://t.co/sJAlFL2isw https://t.co/aPWb0aazqu
The US #sanction updates against Chinese semiconductor development have pushed #China's semiconductor industry to accelerate the development of an indigenous #chiplet ecosystem. https://t.co/imQ8WTo49o
Huawei's third-quarter revenue barely grew despite growing phone and car sales https://t.co/WA3m2rd019
Air China shares soar after reporting first quarterly profit since pandemic https://t.co/Yohd1vMcFX https://t.co/qOJboAOIgc
Huawei, SMIC chip advances cannot be stopped by ‘futile’ US sanctions, says TSMC and semiconductor veteran https://t.co/4xSgK5hlk3 via @scmpnews
Huawei's surprise 5G smartphone helped it grow quicker than Apple in China https://t.co/N1mUhQ9M9Y
Huawei's surprise 5G smartphone helped it grow quicker than Apple in China https://t.co/1jx5Zk9fGp
US-China tensions will slow global chip industry, TSMC founder says https://t.co/XDuxMLzUNk
China rushes to swap Western tech with domestic options as U.S. cracks down https://t.co/bujfTgrwhJ https://t.co/5XJkiT3QvZ
US-China tensions will slow global chip industry, TSMC founder says https://t.co/UFEQTXrFjI https://t.co/5Fbdgoijq8
‘Like it was with Jack Ma’: China puts world’s biggest Apple supplier in its crosshairs https://t.co/IM8RBxIDsd
U.S. Expands China-Related Export Controls Regarding Semiconductors and Semiconductor Manufacturing Equipment https://t.co/afMY9vDvUQ
China rushes to swap Western tech with domestic options as U.S. cracks down https://t.co/TSowXXEamN https://t.co/jNXVVrzaZ3
China smartphone shipments continue decline in third quarter as former Huawei mobile brand Honor reclaims top vendor ranking https://t.co/8JSrPqiZKQ via @scmpnews
China rushes to swap Western tech with domestic options as U.S. cracks down - Reuters https://t.co/IhKpqYv01Q
Chinese iPhone sales fell 10%, as Huawei re-emerges as competitor https://t.co/jYO0Vwyz2T by @benlovejoy
China has stepped up spending to replace Western-made technology with domestic alternatives as Washington tightens curbs on high-tech exports to its rival https://t.co/O3tN9ZnwpS
China rushes to swap Western tech with domestic options as U.S. cracks down https://t.co/dfS4hzdJaA
The US and its allies should go further than barring Chinese access to advanced chipmaking gear and restrict older semiconductor technologies as well, a prominent think tank says https://t.co/H6brmvHzFt
The US and its allies should go further than barring Chinese access to advanced chipmaking gear and restrict older semiconductor technologies as well, a prominent think tank says https://t.co/sUEZwlV2ru
China rushes to swap Western tech with domestic options as U.S. cracks down https://t.co/ALWaiZNCjY https://t.co/2WzhADZU7q