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Wednesday 30 April 2025
CR Micro semiconductor upcycle soars on SiC, GaN breakthroughs amid strong 2024 results
China Resources Microelectronics Ltd. (CR Micro) reported steady gains in its 2024 annual and 2025 first-quarter results, underscoring resilience in a volatile chip market. Full-year revenue rose 2.2% to CNY10.119 billion (US$1.39 billion), with net profit reaching CNY762 million. In the fourth quarter of 2024, revenue grew 11.65% year-over-year to CNY2.647 billion, while net profit jumped 20.18% quarter-over-quarter to CNY263 million
Wednesday 30 April 2025
China's GalaxyCore rides high-pixel boom to triple profit, targets AI glasses, automotive vision next

GalaxyCore Inc. reported its 2024 earnings on April 28, posting annual revenue of CNY6.383 billion (approx. US$875 million), a 35.9% increase from the previous year. Net profit attributable to shareholders soared 287.2% to CNY187 million, while EBITDA rose 107.1% to CNY1.415 billion

Wednesday 30 April 2025
Apple's Chinese supplier Luxshare hits US$37 billion milestone, breaks iPhone dependency
Shenzhen-based Luxshare Precision defied global headwinds in 2024, delivering robust earnings that underscored its leadership in precision manufacturing and its growing influence in China's high-end tech supply chain
Wednesday 30 April 2025
Xi visits Shanghai to personally oversee China's AI strategic development
Amid escalating US-China technology tensions, artificial intelligence (AI) has become a central battleground for both nations. Chinese authorities have intensified their focus on the AI sector, with President Xi Jinping visiting Shanghai on April 29, 2025, to inspect innovations and developments in the large model industry, underscoring China's top-level strategic commitment to advancing AI technology breakthroughs
Wednesday 30 April 2025
Samsung reportedly exits HBM2E under Chinese price offensive, shifts focus to high-end market
Samsung Electronics is cutting production of mature-node DDR4 memory and reportedly scaling back its third-generation high-bandwidth memory (HBM2E) business to focus resources on fifth-generation (HBM3E) and sixth-generation (HBM4) products. According to Chosunbiz, Samsung is reducing HBM2E output and aiming to pass Nvidia's HBM3E certification to boost production, while also targeting early leadership in the emerging HBM4 market
Wednesday 30 April 2025
Korean presidential candidate Jae-Myung Lee vows to build South Korea into top semiconductor nation with special law
Jae-Myung Lee, the presidential candidate from the Democratic Party of Korea and the frontrunner for the next presidency, recently pledged that upon taking office, he will promote the revitalization of South Korea's semiconductor industry. His comprehensive focus spans both memory and non-memory sectors, aiming to expand his political influence through a pragmatic rather than ideological approach
Wednesday 30 April 2025
China cracks EUV light source barrier, builds new experimental platform
Amid escalating tech restrictions and geopolitical tensions, China has made a breakthrough in semiconductor research. The Shanghai Institute of Optics and Fine Mechanics, Chinese Academy of Sciences, announced it has established a fully functional experimental platform for extreme ultraviolet (EUV) light sources—a critical step toward overcoming key bottlenecks in advanced chip manufacturing
Wednesday 30 April 2025
SK Telecom faces mass user exodus and mounting fallout after USIM server hack
SK Telecom (SKT), South Korea's largest telecommunications provider, is grappling with a massive wave of subscriber losses after a recent cyberattack targeting its USIM management server, which raised fears over potential personal data leaks. Despite ongoing emergency measures, the company is struggling to regain control of the situation and restore user confidence
Wednesday 30 April 2025
Xiaomi's MiMo punches above its weight, eclipses OpenAI and Alibaba in AI tests

Xiaomi has unveiled its first large language model (LLM) focused on reasoning tasks—MiMo-7B—which has outperformed significantly larger models from global tech giants. Despite its relatively compact 7-billion-parameter design, MiMo-7B surpassed OpenAI's closed-source o1-mini and Alibaba's 32B-parameter open-source Qwen-32B-Preview in math reasoning (AIME 24–25) and code generation (LiveCodeBench v5) benchmarks

Wednesday 30 April 2025
China's EV battery revolution speeds into new phase

As the adoption of electric vehicles (EVs) continues to rise across China, long-distance charging remains a key concern for many drivers. In response, Chinese authorities are ramping up efforts to expand high-powered charging infrastructure nationwide, aiming to usher in a new era where EVs can charge as quickly and conveniently as refueling gasoline cars—a goal the government has dubbed—charge and go, driving at the speed of gas

Wednesday 30 April 2025
Model wars escalate: Baidu, Alibaba, DeepSeek race to dominate China's LLM frontier

In the lead-up to China's Labor Day Golden Week, the country's AI sector is experiencing a flurry of large language model (LLM) upgrades. Baidu and Alibaba have rolled out new flagship models, while DeepSeek is reportedly preparing to launch its R2 update, intensifying competition in an already crowded domestic LLM market

Wednesday 30 April 2025
Nissan to close Wuhan plant, cutting China factories from 6 to 4
Taiwan's electronics manufacturing services (EMS) providers are accelerating their North American production plans in response to tariff threats, but component shortages and capacity constraints at US chip plants could hamper the AI server market for years, according to industry sources
Wednesday 30 April 2025
US targets Japan over EV charging standards in tariff clash
As tariff negotiations between the US and Japan intensify, Washington has turned a critical eye toward Japan's electric vehicle (EV) charging standards, identifying the country's CHAdeMO protocol as a significant non-tariff barrier. American officials have voiced frustration that Tesla's and other US automakers' charging systems are excluded from Japanese government subsidies, a point expected to take center stage in the upcoming second round of ministerial-level trade talks
Tuesday 29 April 2025
YMTC lands US$1.3B funding as financials reveal post-Unigroup fallout

YMTC, one of China's leading semiconductor firms, has secured a new funding round with a CNY1.6 billion (approx. US$220 million) capital injection from Quanhong Investment, a subsidiary of Hebei Yangyuan ZhiHui Beverage. Once the deal closes, Quanhong will hold a 0.99% stake in YMTC's parent company. Yicai reports the move aligns with Yangyuan's strategic push into equity investments

Tuesday 29 April 2025
China launches 'human wave strategy' for R&D, poaching top-level South Korean scholars
Reports indicate that many outstanding South Korean research scholars have been moving to Chinese universities. These experts hold world-class authority in foundational fields of cutting-edge technologies such as semiconductors, batteries, and quantum computing—areas marked by intense global competition. It signals that, amid escalating US-China rivalry for advanced technology supremacy, China is actively recruiting top South Korean talent to accelerate its R&D efforts
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