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25.03.26 - 15:18
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Semicon China: AI, advanced packaging set to drive country′s chip industry growth (SCMP)
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Agentic artificial intelligence and advanced packaging technology will be key growth drivers for China's chip industry in coming years, as the country is expected to increase its share of chipmaking capacity to nearly half of the world's total by 2028.
According to data revealed at Semicon China, the world's largest chip industry trade show, China's share of wafer fabrication capacity for mainstream processes was expected to reach 42 per cent of global capacity by 2028.
That would mark a rapid......
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25.03.26 - 13:48
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Pinduoduo operator PDD′s profit slides as Chinese firm cites higher reinvestment (SCMP)
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PDD Holdings, the Chinese e-commerce group behind Pinduoduo and global budget marketplace Temu, on Wednesday reported an 11 per cent drop in quarterly profit amid higher sales as the company continued a pivot towards greater reinvestment.
Net profit for the quarter fell to 24.5 billion yuan (US$3.6 billion), missing a consensus analyst estimate of 29.1 billion yuan. Meanwhile, revenue rose 12 per cent from a year earlier to 123.9 billion yuan, aligning with a consensus analyst estimate of 123.7......
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25.03.26 - 12:57
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Days After Trump Delays Xi Summit, Chinese Carrier Unveils 101-Jet Airbus Deal (ZeroHedge)
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Days After Trump Delays Xi Summit, Chinese Carrier Unveils 101-Jet Airbus Deal
Days after President Donald Trump delayed a planned meeting with Chinese President Xi Jinping over the now 26-day-old U.S.-Iran conflict, one of China's top state-owned airlines unveiled a major narrow-body aircraft deal with Airbus.
China Eastern Airlines announced a $15.8 billion deal for 101 Airbus A320neo aircraft on Wednesday, with deliveries scheduled between 2028 and 2032.
The Shanghai-based carrier, which operates domestic and international passenger and cargo flights, said it negotiated prices well below list value and expects to fund the order through a mix of internal resources and external financing, with installment payments not expected to materially affect cash flow or operations.
The timing of the China Eastern Airlines-Airbus deal comes as a report earlier this month said China was expected to announce a massive deal for 500 Boeing 737 Max jets, with possible orders for 100 widebody aircraft, inclu...
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25.03.26 - 11:18
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China names Beijing, other city clusters as global tech hubs in self-reliance push (SCMP)
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China is stepping up its efforts to build Beijing and its environs, along with other major city clusters, into “international technological innovation centres”, according to a high-ranking official – part of the country's accelerated push for tech self-sufficiency.
Speaking at the opening of the state-backed Zhongguancun Forum in Beijing on Wednesday, Chinese Vice-Premier Ding Xuexiang said the country would intensify its campaign to achieve “high-level self-reliance in science and technology”......
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25.03.26 - 10:06
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Amid struggles at home, 80% of Chinese companies in EU plan more investment (SCMP)
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Almost 80 per cent of the Chinese companies operating in the European Union plan to expand their investment there, even though most complain about policy uncertainty, according to a report published on Tuesday by the Chinese Chamber of Commerce to the EU (CCCEU) and the China Economic Information Service.
The result stands in sharp contrast to similar reports published by the European Chamber of Commerce in China (EUCCC) – despite companies from both sides complaining about obstacles such as......
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