Gao Yuan

1 month ago | bloomberg.com | Gao Yuan |Edwin Chan

A Huawei Mate XT folding smartphone in Beijing. (Bloomberg) -- When the Trump administration blacklisted Huawei Technologies Co. in 2019 over spying concerns, the move almost wiped out the Chinese company’s global smartphone business. Yet it bounced back with the support of China’s government, and is now at the center of national efforts to achieve technological independence from the West.

1 month ago | news.bloombergtax.com | Gao Yuan |Rachel Yeo

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1 month ago | news.bloomberglaw.com | Gao Yuan |Rachel Yeo

Semiconductor Manufacturing International Corp. plunged Friday after China’s leading chipmaker warned sales could fall as much as 6% this quarter because of production disruptions. Co-CEO Zhao Haijun said sales would fall between 4% and 6% in the June quarter versus the first three months, compared with projections for about an 8% rise. The warning came after the company discovered unspecified issues with production lines.

1 month ago | bloomberg.com | Gao Yuan |Rachel Yeo

A Chinese flag near a logo atop the Semiconductor Manufacturing International Corp. (SMIC) headquarters in Shanghai, China, on Tuesday, March 23, 2021. SMIC will build a $2.35 billion plant with funding from the government of Shenzhen, the first major project to emerge from China’s masterplan to match the U.S. in advanced chipmaking. Photographer: Qilai Shen/Bloomberg(Bloomberg) -- Semiconductor Manufacturing International Corp.

2 months ago | bloomberglinea.com | Linda Lew |Gao Yuan |Qilai Shen

Bloomberg — La compañía china Xiaomi Corp ha retrasado el estreno de su primer vehículo utilitario deportivo (SUV) tras el accidente mortal en el que se vio implicado su VE estrella, lo que representa un duro revés para sus pretensiones de poner presión sobre Tesla Inc (TSLA) y BYD Co.La empresa no empezará a vender el SUV eléctrico YU7 a partir de junio o julio, su objetivo inicial, y no se ha fijado una nueva fecha de salida al mercado, de acuerdo con personas al corriente del tema.