TSMC plans to halt chip supplies to Huawei in 2 months

asymmetric

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TAIPEI -- Taiwan Semiconductor Manufacturing Co. on Thursday confirmed it has suspended processing new orders from key customer Huawei Technologies to comply with U.S. export regulations, but said it can still achieve more than 20% revenue growth this year thanks to strong demand for 5G smartphones, infrastructure and high-performance computing applications.


"We are complying fully with the new [U.S.] regulations. We did not take any new orders [from Huawei] since May 15," TSMC Chairman Mark Liu told an investors conference.


https://asia.nikkei.com/Spotlight/H...s-to-halt-chip-supplies-to-Huawei-in-2-months
 

cap223

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in b4 the more you hurt tiongs the more advanced tiongs become.



lolol.
 

clon33

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In before PAP IBs reply

China never sanctions back USA and Taiwan?
 

cap223

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They will steal more to speedup its technological advancement.

thats true. ccp steal then improve on the tech. now they are light years ahead of amdk slumland. ccpland ish now the most advanced tech superpowder in the universe.
 

fox1

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US makes laws to restrict other countries growth.
So strong so freedom.

:)
 

audiovideo

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Must help sinkies to understand from Now on hw flagshiat won't have 7nm or better chip aka eat battery
 

sizzy6

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sometime back a few people say tsmc die liao.. hauwei make up abt 15% etc etc..

i say there are many queueing up to fill the gap.. no need worry they dont believe.

lol.. 7nn tsmc still no. 1, 5nm no need say.. so far nobody have.
 

thecityhunter

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China flipped table too early. They could’ve continued to steal US tech if their relationship had not gone sour
 

Litmuss

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https://www.ft.com/content/6a87d390-fdad-43c7-8ff9-c99f3b94294c

SMIC scores mainland China’s biggest listing in a decade
Shares in chipmaker pop 246% after Beijing pushes investors to back drive to become self-sufficient.

Shares in SMIC popped 246 per cent in the first day of trading, as the Chinese chipmaker entered the ranks of country’s most valuable publicly listed companies following a secondary listing in Shanghai.

SMIC, a company at the heart of Beijing’s drive to become more self-sufficient in chipmaking, had already raised Rmb53.2bn ($7.6bn) in share sales ahead of the listing, the most of any mainland Chinese offering in a decade.

Shares began trading at Rmb95, up sharply from the offer price of Rmb27.46, and closed at Rmb82.92.

Half of its shares were initially sold to 4.3m retail investors. But even more were clamouring to get in when trading opened.

The listing attracted a wide range of retail investors such as Zhou Ziqing, a 27-year-old who works in the PR department of a law firm and put aside Rmb100,000 ($14,310) to buy shares. “I was born ready for this day,” she said.

Ms Zhou was confident that SMIC, as one of China’s national champions, would be a safe bet. “SMIC is China’s best chipmaker and the industry enjoys a lot of policy support,” she noted, adding she would hang on to at least half the shares she plans to buy for the long term.

A senior official at the Shanghai stock exchange noted that the government plans to use its domestic capital markets to raise money towards China’s goal of technological self-sufficiency. “SMIC is benefiting from US-China tensions,” the official said, adding: “We hope to compete with Nasdaq for Chinese tech companies.”

As well as China’s government funds, Singapore’s sovereign wealth fund and the Abu Dhabi Investment Authority are among the institutions backing the IPO.

SMIC’s first week of trading is likely to be dramatic. The Shanghai Star board is the only exchange on the mainland with no limit on stock price movements in the first five days, after which there is a 20 per cent up-or-down limit, compared to 10 per cent elsewhere.

The company acknowledges that it is charging a high price, compared to its peers. At its target price of Rmb27.46, SMIC’s valuation was 113 times last year’s earnings. By the company’s own reckoning, that is at least four times higher than its domestic rivals. TSMC, the Taiwanese industry leader, trades at 27 times earnings.
 

audiovideo

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The US already watching the tiong closely years back. 听其言,观其行。Thank goodness trump is mad enough to take action.
 
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