SMIC and Beijing's Quest for Semiconductor Self-Reliance
Advanced computer chips are quickly shaping up to represent one of the most competitive and high-stakes assets in today’s global economy.
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Advanced computer chips are quickly shaping up to represent one of the most competitive and high-stakes assets in today’s global economy.

News emerged on October 23 that one-third of Chinese startup Biren Technology's employees will be laid off because Taiwan Semiconductor Manufacturing Company has decided to suspend production of advanced silicon for it to ensure compliance with US regulations.

On August 8, Black Sesame Technologies, an autonomous driving computer chip company, announced its completion of round-C+ financing led by SummitView Capital.

On Wednesday, at the Tencent Digital Ecosystem Summit, Tencent released that it has made a long-term plan in regard to chip R&D and investment for businesses.

Several top lidar enterprises including RoboSense and Hesai Technology have recently invested in Vertilite, a laser chip manufacturer based in China.

Ren Zhengfei, founder and CEO of Chinese telecoms giant Huawei, delivered a speech at a recent symposium where he addressed several issues, including chip supply, ChatGPT, the company's future direction for research and development, and its employee selection systems.

Recently, Moffett AI received several hundred million yuan of A round financing, led by CoStone Capital and Greater Bay Area Common Home Development Fund.

Taiwanese fabless semiconductor company MediaTek held an online conference on November 8 to release the new generation flagship 5G system-on-a-chip (SoC), Dimensity 9200.

Xiaomi has reported its Q1 2023 performance. In this quarter, the company achieved revenue of 8.42 billion USD, and an adjusted net profit of 452.6 million USD, marking a 13% year-on-year increase and a 121% sequential increase.

Chinese semiconductor developer YTMicro announced on July 29 that it has secured several hundred million yuan in round-A+ financing.

Prominent companies such as Li Auto, Xpeng Motors, and BYD are among the initial users of the revolutionary NVIDIA Thor chip.

On July 19, a spokesperson for ByteDance confirmed that the company is exploring chip designs for its own use in specialized areas, as it could not find a supplier capable of meeting its requirements.