Riding the wave of the booming artificial intelligence (AI) industry, China's leading server maker, Inspur Electronics Information Industry, reported a record-high revenue of over CNY 42 billion (US$5.89 billion) in the first half of 2024. However, the company's gross margin fell to its lowest point since going public in 2000
China's top electric vehicle maker BYD Co. won't announce a major plant investment in Mexico until at least after the US election, according to people familiar with the matter, as shifting American policy forces global businesses into wait-and-see mode
The EU's announcement of a 36.3% electric vehicle (EV) tariff on SAIC Motor has placed significant pressure on the automaker. Its revenue for the first half of 2024 was surpassed by competitor BYD, and future profits are likely to be further squeezed by the tariffs
Iris Optronics, a cholesteric liquid crystal display (ChLCD) technology provider, has established its first overseas subsidiary in Qingpu District, Shanghai
Despite Samsung Electronics' high expectations for the sales performance of its newly launched foldable smartphones, the Galaxy Z Fold 6 and Flip 6, intense competition from rivals such as Huawei, Xiaomi, Honor, and Motorola is rapidly intensifying. This competition has forced Samsung to reconsider its strategy regarding the positioning and pricing of its foldable smartphones
On August 20, the highly anticipated Chinese AAA single-player game "Black Myth: Wukong" was officially launched worldwide. In just three days, it sold over 10 million copies and generated CNY3 billion (approx. US$422 million) in revenue. Considering that the total sales revenue in the Chinese console game market for the first half of 2024 was around CNY700 million, Black Myth: Wukong more than quadrupled that figure in just three days
Huawei's HiSilicon Full-Connection Conference is scheduled for September 9 in Shenzhen, just one day before Apple's annual iPhone launch event. While the timing's intent remains unclear, Huawei has emphasized the inaugural nature of the conference, fueling speculation about its significance
SK Hynix has announced the successful development of the world's first sixth-generation 10nm-class DRAM (1c DRAM), surpassing industry leader Samsung Electronics in achieving mass production readiness for this new product
Shenzhen is regarded as China's new energy vehicle (NEV) capital. Its track record of policy promotion and the rise of BYD have cemented its position in China's new energy supply chain
Japanese semiconductor equipment manufacturers have experienced a significant revenue boost from China. However, with rising semiconductor investments in other markets like India, China's share is anticipated to decline. Additionally, Japanese companies are evaluating the potential of an accelerated import substitution in China
South Korea seeks more flexibility and incentives from the US to encourage Seoul's compliance with additional curbs on advanced semiconductor exports to China that Washington is considering, according to its trade minister
Huawei Technologies Co. is preparing to launch new products at an event mere hours after Apple Inc.'s debut for the iPhone 16, setting the stage for the two tech giants' next clash
