News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
Huawei Reportedly Building Chip Plant in Shenzhen to Get Rid of Dependence on Foreign Tech
Chinese tech giant Huawei is ramping up efforts in Shenzhen to establish a chip production line equipped with advanced process technology aimed at ending the company's reliance...
Reset
Send
The window will close in 5 seconds
Huawei Reportedly Building Chip Plant in Shenzhen to Get Rid of Dependence on Foreign Tech
Close
Recommend
5
Positive
9
Negative
8
 
SHORT SELL
 
STOCK INFO

Chinese tech giant Huawei is ramping up efforts in Shenzhen to establish a chip production line equipped with advanced process technology aimed at ending the company's reliance on foreign chips, the Financial Times reported, citing sources and satellite imagery.

It is understood that Huawei's goal is to develop technology that can replace that of US AI chip leader Nvidia (NVDA.US)      , Dutch chip equipment maker ASML (ASML.US)      , South Korean chip giant SK Hynix, and global foundry leader TSMC (TSM.US)      .

Related NewsCaixin Manufacturing PMI for May in China is 48.3, lower than the previous value of 50.4. The forecast was 50.6.
Since 2022, Huawei has made its first attempts at manufacturing high-end chips independently, according to the report. The construction of the company's three plants in the Guanlan area of Shenzhen runs at a rapid pace. One of them will be managed directly by the company and is planned for the production of 7-nanometer chips for smartphones and Ascend AI processors.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.