Semiconductors

SMIC responded in a statement that its services and products have never had any military applications.

Huawei and Honor are absent from the list of early adopters of the chip.

Acquisition aimed at taking on Japanese giants in key chipmaking sector.

Japanese group goes on price-cutting drive in chipmaking machine market.

Huawei says it will not have any shares in Honor, nor will it participate in its management after the deal.

SMIC’s FinFET N+1 process saw a breakthrough in the reported quarter, with revenue for the foundry reaching USD 1.1 billion.

Huawei’s annual sales growth was taking a hit, dropping significantly from 24.4% to 9.9%, according to its earnings report released on Friday.