Slideshow ( 5 images )
SHANGHAI (Reuters) - The world is going through an unprecedented chip shortage, Zhou Zixue, a senior official with the China Semiconductor Industry Association, said on Wednesday, after semiconductor sales grew 18% last year.
“If you are an experienced player, you will remember that in 1999 there was a similar crisis in this industry, but it was way smaller,” Zhou, chairman of Semiconductor Manufacturing International Corp (SMIC), said in remarks at SEMICON China.
“We have to deepen our cooperation, we have to give more attention to innovation. Only by doing that our industry can control the challenges facing us.”
China is the world’s largest buyer of semiconductors, but domestic production is marginal. Sales in China grew 17.8% in 2020 from a year earlier to 891 billion yuan ($137 billion), according to CSIA.
By Reuters Staff
Slideshow ( 3 images )
BEIJING (Reuters) - China’s market regulator said on Friday it had fined 12 companies related to 10 deals that violated anti-monopoly rules.
The companies included Baidu Inc, Tencent Holdings, Didi Chuxing, SoftBank and a ByteDance-backed firm, the State Administration for Market Regulation (SAMR) said in a statement on Friday.
The companies were fined 500,000 yuan ($77,000) each for behaviour that caused market concentration but did not exclude all competition from other companies, SAMR said.
Tencent said in a statement it would actively rectify operations and provide the regulator with timely reports on deals in future.
ByteDance said a joint venture between its affiliated firm and Shanghai Dongfang Newspaper Co Ltd, which were both fined, was never in operation and the JV was disbanded in January.
By Reuters Staff
Slideshow ( 3 images )
BEIJING (Reuters) - China’s market regulator said on Friday it had fined 12 companies related to 10 deals that violated anti-monopoly rules.
The companies included Baidu Inc, Tencent Holdings, Didi Chuxing, SoftBank and a ByteDance-backed firm, the State Administration for Market Regulation (SAMR) said in a statement on Friday.
The companies were fined 500,000 yuan ($77,000) each for behaviour that caused market concentration but did not exclude all competition from other companies, SAMR said.
Tencent said in a statement it would actively rectify operations and provide the regulator with timely reports on deals in future.
ByteDance said a joint venture between its affiliated firm and Shanghai Dongfang Newspaper Co Ltd, which were both fined, was never in operation and the JV was disbanded in January.
Canada's main securities regulator has cleared the launch of the world's first bitcoin exchange traded fund, an investment manager said on Friday, providing investors greater access to the cryptocurrency that has sparked an explosion in trading interest.
By Reuters Staff
3 Min Read
LONDON, March 9 (Reuters) - Komainu, the digital asset custodian backed by Japanese investment bank Nomura Holdings Inc , has raised $25 million in a funding round led by veteran hedge fund manager Alan Howard, the company said on Tuesday.
Other investors in the round included Galaxy Digital, NOIA Capital and Nomura Research Institute, which will act as strategic partners to the custodian, Komainu said.
Howard is the co-founder of investment firms Brevan Howard, and most recently blockchain and cryptocurrency-focused Elwood Asset Management.
Komainu, which safeguards bitcoins and other cryptocurrencies on behalf of financial institutions was launched last June as a joint venture between Nomura, digital asset security firm Ledger, and digital asset investment house CoinShares.