Tag: chipmaker

AMD Is Said to Be in Talks to Buy Rival Chipmaker Xilinx

(Bloomberg) — Advanced Micro Devices Inc. is in advanced discussions to buy Xilinx Inc. in a takeover that could be valued at $30 billion, according to people familiar with the matter.


Load Error

The deal could come together as early as next week, though things remain in flux, the people said, asking not to be identified discussing a private deal. The Wall Street Journal first reported on the negotiations.

A combination with Xilinx would give AMD Chief Executive Officer Lisa Su more of the pieces needed to break Intel Corp.’s stranglehold on the profitable market for data-center computer components. It would follow moves by rival Nvidia Corp., which bought Mellanox Technologies Ltd. and aims to use its pending acquisition of Arm Ltd. to grab more of that business.

Acquiring Xilinx, which makes programmable chips for wireless networks, would also help AMD expand into a new market just as telecommunications carriers

Read More

Micron Shares Fall After Chipmaker Halts Shipments to Huawei

(Bloomberg) — Micron Technology Inc. shares fell after the largest U.S. chipmaker said it recently halted shipments to China’s Huawei Technologies Co.

Micron also cut capital spending plans, warned about weaker demand from some corporate customers and forecast possible oversupply in a key market next year.

Shares of the company dropped 3.6% in extended trading on Tuesday. The stock is down almost 6% for the year, while the benchmark Philadelphia Semiconductor Index is up more than 20%.

In a presentation, Micron said it halted shipments to Huawei on Sept 14. The Chinese tech giant has been hit recently by more U.S. government action designed to cut it off from suppliers.

a man wearing a suit and glasses: Key Speakers At Techonomy 2018 Conference

© Bloomberg
Key Speakers At Techonomy 2018 Conference

Sanjay Mehrotra


Load Error

Photographer: David Paul Morris/Bloomberg

Chief Executive Officer Sanjay Mehrotra said Huawei is Micron’s biggest customer and it will take time to make up for lost orders. The company’s

Read More

Shares in China’s biggest chipmaker fall after reports that it could lose access to US technology

Shares in SMIC, China’s biggest chipmaker, fell on Monday on fears that it could lose access to key US technology.

a group of people standing in front of a building: People visit the stand of Semiconductor Manufacturing International Corporation (SMIC) during an exhibition in Shanghai, China, 14 March 2018. (Imaginechina via AP Images)

© Imaginechina via AP Images
People visit the stand of Semiconductor Manufacturing International Corporation (SMIC) during an exhibition in Shanghai, China, 14 March 2018. (Imaginechina via AP Images)

The Financial Times reported this weekend that the US Commerce Department has sent a letter to companies warning of an “unacceptable risk” that exports to Semiconductor Manufacturing International Corporation could be used for military purposes.

It’s not entirely clear whether that letter means that official restrictions on SMIC have gone into effect. The FT reported that the firm had been “hit by US sanctions.” Reuters similarly reported that the US is tightening controls on exports to SMIC, citing the letter.

But the US Commerce Department has not yet added the Chinese firm to its Entity List, which would require US companies

Read More

China’s Largest Chipmaker Sinks After U.S. Imposes Restrictions

SMIC Targets Sales Increase Of As Much As 20% In 2011

Photographer: Qilai Shen/Bloomberg

Semiconductor Manufacturing International Corp. retreated to a four-month low in Hong Kong after the U.S. imposed export restrictions on China’s largest chipmaker.

The shares slumped as much as 7.9% on Monday, adding to their 25% loss for the month. Also listed in Shanghai, SMIC’s stock there retreated as much as 5.8% to the lowest level since its July debut. U.S. firms must now apply for a license to export certain products to the chipmaker, the Commerce Dept. said in a letter dated Sept. 25, reviewed by Bloomberg News. SMIC and its subsidiaries present “an unacceptable risk of diversion to a military end use,” the department’s Bureau of Industry and Security wrote.

Read more: U.S. Imposes Restrictions on Exports to China’s Top Chipmaker

The U.S. stopped short of placing SMIC on the so-called entity list, which means the restrictions are not yet as severe as

Read More

Japanese chipmaker Kioxia delays IPO amid US-China tensions

Kioxia had planned to list on the Tokyo Stock Exchange on 6 October. Photo: Getty
Kioxia had planned to list on the Tokyo Stock Exchange on 6 October. Photo: Getty

The world’s second-largest maker of NAND flash memory chips, Kioxia is considering delaying Japan’s biggest initial public offering (IPO) as tensions between the United States and China ramp up.

Earlier this month, the company which spun out of Toshiba Corp (TOSBF) in 2018, set a tentative price range for an IPO in Tokyo to raise as much as $2.9bn (£2.3bn).

Toshiba has retained roughly 40% of Xioxia, with the rest held by a group of Japanese, US and South Korean investors.

The Japanese chipmaker was due to reveal its final pricing on Monday, instead Xioxia’s board is reportedly meeting on Monday to discuss its options, according to the Financial Times.

Kioxia had planned to list on the Tokyo Stock Exchange (JPXGY) on 6 October, at a valuation of more than $14bn. The company warned tighter

Read More

US sets restrictions on China’s biggest chipmaker, citing military fears

US wariness of Chinese tech firms was underlined again Friday, when the Commerce Department reportedly sent a letter to companies in the states telling them they must get a license before exporting certain goods to China’s largest chipmaker, because of concerns about military use of technology.

a traffic light hanging off the side of a building: The Beijing branch of Semiconductor Manufacturing International Corporation. Su Weizhong/Getty Images

© Provided by CNET
The Beijing branch of Semiconductor Manufacturing International Corporation. Su Weizhong/Getty Images

The Commerce Department said in the letter that exports to Semiconductor Manufacturing International Corporation “may pose an unacceptable risk of diversion to a military end use in the People’s Republic of China,” according to a report Saturday by The New York Times.


Load Error

Last year, the US placed restrictions on companies selling gear to Chinese telecommunications giant Huawei, over concerns about Huawei’s relationship with the Chinese government and fears that its equipment could be used to spy on other countries and companies.

And popular video app TikTok, owned

Read More

US tightens trade restrictions on Chinese chipmaker SMIC

The US Commerce Department has added China’s largest chipmaker, Semiconductor Manufacturing International Corporation (SMIC), to its entity list, after it determined there an “unacceptable risk” that equipment SMIC received could be used for military purposes, Reuters reported.

The move blocks US computer chip companies from exporting technology to SMIC without an export license. SMIC is the latest major Chinese firm to be put on the entity list; the Trump administration added phone manufacturer Huawei to the list in 2019.

According to The Wall Street Journal, the Commerce Department wrote in a letter to the computer chip industry on Friday that exporting products to SMIC would “pose an unacceptable risk of diversion to a military end use in the People’s Republic of China.”

In April, the administration tightened export rules on shipping goods to China. It claims it’s seeking to keep US companies from selling products that could be used

Read More

US slaps trade restrictions on China’s top chipmaker

The Department didn’t directly comment on SMIC, but told Reuters it was “constantly monitoring and assessing” possible threats to US security and foreign policy.

SMIC, meanwhile, appeared to have been caught by surprise. A spokesperson said the chip giant hadn’t received any official word of restrictions and reiterated denials of any military link. The company offers chips and services “solely for civilian and commercial end-users and end-uses,” according to the representative.

The semiconductor producer is just the second top-tier company added to the entity list after Huawei. While the effect of the ban won’t be clear until the Commerce Department decides who (if anyone) gets a license, it could represent a significant blow to Chinese tech as a whole. SMIC may have to turn to non-US technology whenever it wants to upgrade its manufacturing or maintain hardware, and there’s no guarantee it will find what it needs. It could find

Read More

China response to U.S. threat of restrictions on chipmaker SMIC

Integrated circuits on a circuit board. The semiconductor industry has been in focus during the U.S.-China trade war.

filonmar | E+ | Getty Images

China has lashed out at the U.S. government over potential export restrictions on SMIC, the country’s biggest chipmaker.

The U.S. Department of Defense said Saturday that it was considering adding SMIC to the Commerce Department’s so-called Entity List, which would make it more difficult for the company to obtain parts made in the U.S., potentially hurting production.

On Monday, Chinese Foreign Ministry spokesman Zhao Lijian accused Washington of “blatant hegemony,” adding that Beijing was “firmly opposed” to such actions.

“China has made a solemn stand on (the) U.S.’ unprovoked suppression on Chinese companies,” Zhao told reporters, according to a CNBC translation of his comments in Mandarin. “For a period of time, the U.S. has generalized the concept of national security, used state power to set all

Read More

Shares of Chinese chipmaker SMIC plunge amid potential U.S. blacklist

A close up image of a CPU socket and motherboard laying on the table.

Narumon Bowonkitwanchai | Moment | Getty Images

GUANGZHOU, China — Shares of Semiconductor Manufacturing International Corp (SMIC), China’s biggest contract chipmaker, plunged over 23% on Monday, after the U.S. government said it was considering putting export restrictions on the company. 

The firm’s Hong Kong-listed shares plummeted by 22.88% to close at 18.24 Hong Kong dollars on Monday. SMIC’s recently-listed Shanghai shares closed 11.29% lower at 58.80 Chinese yuan. 

The U.S. Department of Defense is assessing whether to add SMIC to the Commerce Department’s so-called Entity List. 

“Such an action would ensure that all exports to SMIC would undergo a more comprehensive review,” a Department of Defense spokesperson said. 

China has put a lot of emphasis on developing its domestic semiconductor industry, a move that has gained further impetus amid the trade war with the U.S. SMIC,

Read More