China Tech Digest: SMIC To Expand Production Of 12-Inch Lines

SMIC plans to expand the production of mature 12-inch production lines by 10,000 pieces this year

Zhao Haijun and Liang Mengsong, co-CEOs of SMIC, said that the current capacity of the foundry industry is tight, especially the demand for mature processes is still strong, and it is expected that the company’s mature production capacity will continue to be fully loaded.

In order to meet customer needs, the company expects capital expenditures of US$4.3 billion this year, most of which will be used for the expansion of mature technology, and a small part will be used for advanced technology, the civil construction of the new Beijing joint venture project and others.

In terms of capacity construction, it plans to expand the production of 10,000 pieces on the mature 12-inch production line this year, and expand the production of the mature 8-inch production line by no less than 45,000 pieces.

In the fourth quarter of 2020, revenue was 6.671 billion yuan, a year-on-year increase of 10.3%; net profit was 1.252 billion yuan, a year-on-year increase of 93.5%.

Suzhou will issue another 30 million digital RMB red envelope on February 5

According to the news released by Suzhou, after Suzhou successfully issued 20 million digital RMB consumption red envelopes in December last year, Suzhou will open the "Digital RMB·Suzhou New Year Festival Jingdong Special" event on February 5, and again distribute 30 million digital RMB, Suzhou New Year Goods. The amount of each red envelope is 200 yuan, and the total number of red envelopes is 150,000.

Xiaomi will start producing mobile phones in Turkey this quarter

Xiaomi will start producing mobile phones in Turkey this quarter.

MSCI launches China Technology Index Series

Today, MSCI announced the launch of the MSCI China Technology 100 Index and China A-Share Onshore Technology 100 Index to meet the investment needs of domestic and foreign investors for China’s leading technology and innovative economic enterprises.

According to MSCI, the goal of these indexes is to reflect the performance of disruptive growth companies that use technology to change business models and how they interact with society.

The index is compiled to cover stocks across the consumer, communications services, healthcare, and information technology industries.

Ministry of Commerce says active research is being carried out on matters related to joining CPTPP

The Ministry of Commerce stated that China is currently conducting active research on matters related to joining the CPTPP. At the same time, the country is willing to strengthen technical communication and exchanges with CPTPP members on related issues.

Generally speaking, China will actively consider joining the CPTPP to promote economic globalization and regional economic integration in accordance with the requirements for accelerating the construction of a new development pattern.

The United Kingdom and the European Union will conduct in-depth investigations on Nvidia’s $40 billion acquisition of ARM

The United Kingdom and the European Union will conduct in-depth investigations on Nvidia’s $40 billion acquisition of ARM.

Sensor Tower: TikTok made $128 million in January, 3.8 times that of the same period last year

Sensor Tower data shows that in January 2021, the world’s highest-paid non-gaming application was TikTok, with a total revenue of nearly US$128 million, which was 3.8 times the revenue in the same period last year.

About 82% of TikTok’s revenue comes from domestic Douyin, 8% from the US market, and 2% from Turkey.

Amazon: Cloud service self-developed processor first landed in China

On January 28, 2021, Amazon Cloud Services (AWS) officially announced that Amazon Elastic Compute Cloud (Amazon EC2) M6g, C6g and R6g instances powered by AWS Graviton2 processors are now available in the AWS China (Beijing) region And AWS China (Ningxia) region.

This is also the first time that AWS self-developed processors land in China. Currently, Amazon EC2 provides nearly 400 instance types, which are widely used by millions of customers around the world.

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