SEMIC MANFC INTL

SHANGHAI: Hong Kong shares fell on Tuesday, led by technology stocks, as elevated Sino-US tensions dented investor sentiment. China shares were mixed as sustained strength in artificial intelligence-related stocks countered weakness elsewhere. ** China’s blue-chip CSI300 Index was little changed by the lunch break, while the Shanghai Composite Index gained 0.2%. ** Hong Kong’s benchmark Hang Seng Index was down 0.6%, and the China Enterprises Index lost 1.0%. ** China warned US House Speaker Kevin McCarthy on Tuesday not to “repeat disastrous past mistakes” and meet Taiwan President Tsai Ing-wen, who is visiting the United States. ** Meanwhile, US President Joe Biden’s administration said on Monday it could not confirm reports that China was able to collect real-time data from a spy balloon as it flew over sensitive military sites earlier this year, saying analysis was still ongoing. ** Tech stocks in Hong Kong slumped 1.6%, with Alibaba and Meituan down 3.2% and 4.1%, respectively. ** Shares of Chinese electric vehicle makers traded in Hong Kong also plunged, following a drop in Tesla shares in the United States.

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HONG KONG: China and Hong Kong stocks rose on Wednesday as easing COVID-19 curbs and refocus on economic growth underpinned sentiment, with softer-than-expected US inflation data fuelling expectation of a slowdown in interest rate hikes. China’s blue-chip CSI 300 Index rose 0.21%, while the Shanghai Composite Index edged up 0.13%. The Hang Seng Index climbed 0.69% and the Hang Seng China Enterprises Index advanced 0.92%. Asian stocks rose, bonds were firm and the dollar nursed losses after data showed US consumer prices barely rose in November, stoking hopes that inflation has peaked and interest rate increases will slow and eventually stop in 2023. When China’s leaders gather this month to set next year’s economic agenda, they will likely map out more stimulus steps, eager to underpin growth and to ease disruptions caused by a sudden end to COVID-19 curbs, policy insiders and analysts said. China’s National Health Commission will as of Wednesday stop reporting new asymptomatic COVID-19 infections.

https://www.investing.com/news/pro/semiconductor-manufacturing-international-corp-pt-lowered-to-hk1750-at-nomurainstinet-432SI-2942754

https://www.investing.com/news/pro/semiconductor-manufacturing-international-corp-pt-raised-to-hk1890-at-goldman-sachs-432SI-2987016

HONG KONG: China and Hong Kong stocks rose on Wednesday as easing COVID-19 curbs and refocus on economic growth underpinned sentiment, with softer-than-expected US inflation data fuelling expectation of a slowdown in interest rate hikes. China’s blue-chip CSI 300 Index rose 0.21%, while the Shanghai Composite Index edged up 0.13%. The Hang Seng Index climbed 0.69% and the Hang Seng China Enterprises Index advanced 0.92%. Asian stocks rose, bonds were firm and the dollar nursed losses after data showed US consumer prices barely rose in November, stoking hopes that inflation has peaked and interest rate increases will slow and eventually stop in 2023. When China’s leaders gather this month to set next year’s economic agenda, they will likely map out more stimulus steps, eager to underpin growth and to ease disruptions caused by a sudden end to COVID-19 curbs, policy insiders and analysts said. China’s National Health Commission will as of Wednesday stop reporting new asymptomatic COVID-19 infections.

https://www.investing.com/news/pro/semiconductor-manufacturing-international-corp-pt-lowered-to-hk1750-at-nomurainstinet-432SI-2942754

The Semiconductor Shortage Just Quickly Became An Inventory Glut The global semiconductor shortage appears to have officially "bullwhipped" its way the other direction and, as such, as become a glut. Yes, you read that right , there is now reportedly a glut of semiconductors at top manufacturers, according to a new report by Caixin . Names like Taiwan Semiconductor Manufacturing Co (TSMC), Advanced Micro Devices Inc (AMD) and Nvidia are now dealing with "unsold stockpiles" of inventory as a result of shrinking demand and cancelled orders, the report says. This means that the years-long hold up for chips looks like it has officially come to an end. Xie Ruifeng from semiconductor industry market research institute ICwise told Caixin: “This round of business sentiment is reversing so fast that chip designers were struggling to find production capacity only last year, but now they find chips won’t sell.” Meanwhile, smartphone and PC demand is shrinking, with global 5G smartphone shipments expected to fall by 150 million units in 2022, the report says.

Washington''s sweeping technology curbs on China today will have ripple effects across global supply chains tomorrow. The export controls unveiled by the U.S. Department of Commerce on Friday will the People''s Republic from developing its own advanced semiconductors needed for supercomputers and the like. But the ban may prompt Chinese chipmakers to hasten their progress in the commoditised parts of the market, embedding firms like Semiconductor Manufacturing International in global supply chains.

Semiconductor Manufacturing International Corp, China’s best hope in achieving chip self-sufficiency in chip-making, has been operating under “closed-loop” arrangement.

Semiconductor Manufacturing International Corp, China’s best hope in achieving chip self-sufficiency in chip-making, has been operating under “closed-loop” arrangement.

An investigation for investors in Synopsys, Inc. (NASDAQ: SNPS) shares over potential securities laws violations by Synopsys, Inc. was announced. San Diego, CA -- ( SBWIRE ) -- 04/26/2022 -- Synopsys, Inc. is under investigation over potential securities laws violations in connection with certain financial statements. Investors who purchased shares of Synopsys, Inc. (NASDAQ: SNPS), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm focuses on whether a series of statements by Synopsys, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made. Mountain View, CA based Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits. Synopsys, Inc. reported that its Total Revenue rose from over $3.68 billion for the 12 months period that ended on October 31, 2020, to over $4.2 billion for the 12 months period that ended on October 31, 2021, and that its Net Income over those respective time periods increased from $664.34 million to $757.51 million.

Pune, April 25, 2022 (GLOBE NEWSWIRE) -- Semiconductor Foundries assist corporations with the design and production of semiconductors required in new goods and the introduction of new items that generate great demand. The increasing need for semiconductor devices in autos, consumer electronics, medical devices, military equipment, and smart home appliances is likely to fuel the semiconductor foundry market growth. In addition, the need for semiconductors has risen as a result of the growing demand for better safety measures in automobiles, particularly for electric and self-driving vehicles. The automobile industry''s increased demand for integrated circuits is boosting the entire semiconductor foundry market. Demand for semiconductor foundries is predicted to rise as a result of connected cars, machine learning, automation, and analytics. Drivers Growing Adoption of 5G wireless and Internet of Things solutions In the coming decade, Internet-connected devices that collect and analyse data using sensors and software will be a big development area for semiconductors.

Shanghai Allows 4 Million Outside For First Time In Weeks As New COVID Cases Dip Below 20K After roughly 4 weeks of intense lockdown measures that have left Shanghai''s 25+ million people scrambling for necessary supplies like food and medicine, local authorities have loosened lockdown measures on Wednesday, allowing 4 million people out of their homes for the first time since the lockdown - initially imposed as a 9 day ''staggered'' lockdown - began. Health official Wu Ganyu said the virus was "under effective control" for the first time in weeks in some parts of the city, according to the AP. Under the latest changes, which shifted the status of parts of the city from "closed" to "controlled", people are allowed to leave their neighborhoods, but large gatherings are still banned. On Wednesday, China''s CHC reported 19,927 new cases in China’s mainland, including 2,761 of which had no symptoms. That marked the first time in nearly two weeks that China''s daily tally had dipped below 20K new cases.