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China’s DRAM giant CXMT plans US$4.2 billion IPO on Shanghai’s Star Market

CXMT Corporation, parent of Chinese memory chip giant ChangXin Memory Technologies (CXMT), aims to raise 29.5 billion yuan (US$4.2 billion)…

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New Business

Chinese chipmaker CXMT in crosshairs of South Korean prosecutors over Samsung tech leak

The Seoul Central District Prosecutors’ Office on Tuesday said five people had been arrested, including a former Samsung executive who…

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New Business

US software firm SAS exits China after 25 years, lays off about 400 staff

US software company SAS Institute has withdrawn from mainland China and dismissed its local staff, according to a Beijing-based employee…

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New Business

Chip war: Samsung denies halting foundry services for Chinese clients amid US pressure

Samsung Semiconductor’s China unit issued a rare statement on Wednesday rejecting recent reports that its chip foundry had suspended partnerships…

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New Business

China’s top memory chip maker CXMT narrows tech gap with leaders Samsung, Hynix, Micron

ChangXin Memory Technologies (CXMT), China’s leading producer of dynamic random access memory (DRAM) chips, has advanced its manufacturing technology to…

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New Business

SK Hynix profit surpasses Samsung, but shares dip on lower memory chip demand

South Korea’s SK Hynix forecast sales of its high-end semiconductors used in generative artificial intelligence (AI) chipsets would double this…

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New Business

Nvidia faces US$1 billion fine if China probe finds violation of antitrust laws, experts say

US artificial intelligence (AI) chip giant Nvidia could face a fine of up to US$1 billion under Beijing’s antitrust probe,…

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New Business

China’s foreign investment is falling. Will a second Trump presidency deal a heavier blow?

The growth outlook for foreign direct investment (FDI), one of China’s traditional main economic drivers, faces a challenging outlook as…

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Tech

As Micron president visits China, chip maker stays silent in US-China balancing act

US chip maker Micron Technology, which Beijing targeted last year with a partial sales ban, has stayed tight-lipped about the…

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Tech

SK Hynix’s revenue more than doubles as AI demand powers on

SK Hynix said quarterly revenue more than doubled and that its capex this year would likely top earlier plans, stoking…

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