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SMIC and Huawei plan to make new 5nm processor, supporting Beijing’s goal for advanced semiconductors
...“The EU should provide a fair, just and non-discriminatory environment for trade co-operation with China.” CRRC Qingdao Sifang did not immediately reply to requests for comment....
...But that pales beside the millions being sold annually by global rivals in their respective home markets....
...At 30 times forward earnings, Nintendo trades at a premium to global gaming rivals....
...At 16 times forward earnings, its shares still trade at a discount to global peers. There is room for growth. june.yoon@ft.com...
...Xuyang Dong of Climate Energy Finance, an Australian think-tank, said that “China’s estimated wafer, cell and module capacity that will come online in 2024 is sufficient to meet annual global demand now...
...The unusual level of co-operation comes as LG seeks to sell its remaining LCD plant in the country, according to reports, after a slump in global IT sales following the lifting of pandemic-era lockdowns...
...Bart Goethals, the chief commercial officer of Nemo Link Ltd, which operates the interconnector linking Belgium with the UK, warned that the CBAM risked creating “a very significant trade barrier”....
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...I wonder if that trade-off is being thoroughly considered in a lot of capitals.”...
...A global boom in AI chip demand last year fuelled investor hopes that chipmaker profits would match that surge....
...This was achieved principally through officially sanctioned “technical co-operation” with US and Japanese companies long since replaced as market leaders by their former partners....
...Marc Payot oversees US galleries and shares global responsibility as co-president, while Ewan Venters, former CEO of Fortnum & Mason, became global chief executive in 2021....
...Aguzin will be replaced by Bonnie Chan, HKEX’s co-chief operating officer, on Friday, months ahead of the scheduled end of his three-year term....
...The firm’s goal is to finance most of the investment but it could opportunistically work with a co-investor for bigger transactions, people close to Elliott said....
...“In 2023, Samsung focused on the mid- to high-end segment for profitability but lost share in the low-end segment and also its leading position in the global market,” said Amber Liu, a manager at Canalys...
...Chinese brands such as Shein and Temu have taken over global shopping baskets. Sportswear brand Li Ning hopes to join them. At its peak in 2021, the company’s market value reached $30bn....
...Chan, the incoming chief executive, is a Harvard-educated lawyer who has served as co-chief operating officer since January of last year, responsible for areas including “mainland development” and strategy...
...With EVs making up less than a fifth of global car sales, there is still room to run. june.yoon@ft.com...
...Resonac’s materials, which help extend driving distance by as much as a tenth, account for a quarter of the global market....
...Brandon Hall, former FMA co-head, will become deputy chief operating officer....
...BYD, which overtook Tesla in EV sales last quarter, is also scoping Mexico for a factory location that could serve the US market, despite rising trade barriers....
...This week’s trading update from world-leader Contemporary Amperex Technology Co. Ltd. proved those wrong. The battery group’s full-year earnings should handily beat analyst expectations....
...The country’s trade surplus has been eroded....
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