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Xie Wentian
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betpawa epl

betpawa epl Chinas investigation into the National Integrated Circuit Industry Investment Fund – known in Chinas semiconductor industry as the Big Fund – continues to gather pace with three more executives under inquiry, according to an announcement by the countrys Central Commission for Discipline Inspection watchdog on Tuesday. Liu Yang and Du Yang, former heads of the Big Fund, were both taken for questioning due to alleged criminal activity and Yang Zhengfan, deputy manager of an investment department at the fund, also faces investigation, Caixin reported on Tuesday. The Big Fund anti-corruption probe was launched in July this year after the authorities September 2021 audit of firms invested in by the fund, sources told Caixin. So far, six senior figures involved with the fund have been put under investigation. [Caixin, in Chinese]

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    betpawa epl Semiconductor Manufacturing International Corporation (SMIC), a leading Chinese semiconductor manufacturer made .9 billion in revenue in the second quarter of 2022, with 3.3% quarterly growth and 41.6% yearly growth, beating the consensus estimates of .89 billion from Bloomberg, according to its second-quarter earnings report released on Thursday. Net profits were 4.3 million, a 25% yearly decrease, yet a 15% quarterly growth. The firms revenue share for the second quarter from smartphones fell from 31.6% to 25.4% in the same period last year, while revenue share for smart home tech grew from 12.4% to 16.3%. Zhao Haijun, CEO of SMIC, said on the earnings call that the slow growth of the global economy and the downside of the semiconductor industry led to panic and uncertainty and that some firms on the supply chain even showed a frozen pause. He added that the growing demand in the semiconductor industry remains unchanged, despite the short-term adjustments. [SMIC]

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