SMIC Shares Drop Nearly 7% After Earnings Miss Estimates
Insights
Shares of Semiconductor Manufacturing International Corporation (SMIC), China's largest contract chipmaker, dropped nearly 7% on Friday after the company's first-quarter earnings fell short of expectations.
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TSMC and Samsung in Talks with UAE Government
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Top executives from Taiwan's TSMC recently visited the United Arab Emirates (UAE) to discuss the possibility of building a large-scale semiconductor manufacturing complex in the country within the next few years.
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Human-like robot development
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Advancements in artificial intelligence, similar to OpenAI's ChatGPT, are fast-tracking progress and the development of humanoid robots, especially in China, a major global manufacturing hub.
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Xi believes China-US Relations will have a brighter future
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Chinese President Xi Jinping said to a group of American business leaders on Wednesday that relations between the two countries can get better, and said that his government would work to improve the business environment.
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