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Cambricon shares slump 14%, the most in 7 months, as reality check hits investors

Cambricon Technologies, the artificial intelligence chipmaker dubbed “China’s Nvidia”, tumbled on Thursday as investors took profit from one of the…

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New Business

China’s Xi Jinping wants more Luban Workshops worldwide – but what are they?

At this year’s meeting of the Shanghai Cooperation Organisation (SCO), President Xi Jinping said China will launch 10 additional Luban…

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New Business

Tech war: Huawei reveals Kirin chip inside 5G smartphones as firm overcomes US sanctions

The name of Huawei’s chipset, which was designed by semiconductor design subsidiary HiSilicon, was found prominently displayed in screenshots shared…

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New Business

China’s Nvidia challenger Cambricon to raise US$560 million for AI chip development

Chinese semiconductor firm Cambricon Technologies, seen as a potential future challenger to Nvidia, plans to raise nearly 4 billion yuan…

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New Business

Exclusive | Jing Qian unpacks the US-China trade talks and their ‘manageable’ rivalry

Jing Qian is vice-president of the Asia Society and managing director of its Centre for China Analysis (CCA), which he…

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New Business

Trump confirms deal with Nvidia chief to let tech company sell lower-end chips to China

US President Donald Trump said on Monday that he had personally negotiated a deal with Nvidia chief executive Jensen Huang,…

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Chinese EV makers’ July sales dip 5% as narrower discounts cool vehicle buyers’ ardour

Electric vehicle (EV) sales in mainland China hit a speed bump last month, sparking worries about the industry’s growth momentum…

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New Business

Singaporean semiconductor equipment maker ASMPT to close Shenzhen plant, axe 950 workers

Singapore-based ASMPT, which makes semiconductor assembly and packaging equipment, will close its factory in Shenzhen and lay off 950 workers…

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New Business

Nvidia’s H20 chips face growing Chinese distrust over alleged back doors, 15% revenue deal

US chip giant Nvidia faces increasing mistrust in China over its H20 chips, after the company secured a licence from…

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New Business

Chinese carmakers rein in EV price cuts at Beijing’s behest as discount war takes its toll

Chinese carmakers have refrained from offering steep discounts to align with Beijing’s efforts to protect a vital industry, but an…

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