Hua Hong Semiconductor, a major Chinese state-owned foundry, posted a sharp profit drop for the first quarter of 2025, with net income falling 88.1% year-over-year to US$3.8 million. In yuan terms, net profit came in at CNY22.76 million, down 89.73%. Core earnings, excluding one-off items, fell even further to CNY16.10 million (approx. US$2.23 million), a 92.3% year-over-year decline. The earnings slump came despite revenue growth, underscoring the growing strain on the company's core business
A former employee surnamed Kim at the Chinese division of South Korean chipmaker SK Hynix has been indicted on charges of leaking confidential semiconductor technologies, including advanced image sensors and chip packaging techniques, amid an alleged attempt to defect to HiSilicon, a semiconductor subsidiary of Chinese tech giant Huawei
