China’s SMIC warns of ‘rapid freeze’ in chip orders as smartphone demand skids

BEIJING (BLOOMBERG) – Semiconductor Manufacturing International Corp (SMIC) warned that clients in sectors such as smartphones were freezing orders, underscoring how a downturn in consumer electronics demand is hurting the chip sector. Waning demand from makers of smartphones and TV components is forcing SMIC to readjust its manufacturing plans, co-CEO Zhao Haijun told analysts on […]

Chip Eng Seng, KSH, SingHaiyi tie up again for collective purchase of Park View Mansions at $260m

SINGAPORE – Three Singapore developers are stepping up land banking via the collective sale market, with their latest tie-up being the acquisition of Park View Mansions in Yuan Ching Road for $260 million.  Citing higher costs, construction delays due to labour shortage and supply disruptions, as well as macroeconomic uncertainties arising from the spike in inflation and […]

South Korea targets to source 50% of chip materials supply locally by 2030

SEOUL (REUTERS) – South Korea said on Thursday (July 21) it was aiming at local sourcing for half of its materials, components and equipment in semiconductor manufacturing by 2030, up from 30 per cent currently. The plan is part of the Yoon Suk-yeol administration’s strategy to strengthen the industry. South Korea, home to top memory chip makers Samsung and […]