Phate Zhang

Huawei disclosed on February 5 a patent for the invention of "silicon-carbon composite material, its preparation method and lithium-ion battery," which it says can extend the service life of the battery.

China's leading contract chipmaker SMIC says it will be cautious about expanding advanced process capacity in 2021, according to its CEO Zhao Haijun on the 2020 fourth-quarter conference call.

As automotive chips do not account for a large percentage of SMIC's revenue, even an increase in demand will not affect SMIC's overall capacity, according to SMIC CEO Zhao Haijun.

Luckin Coffee, previously mired in a financial fraud scandal, filed for Chapter 15 bankruptcy protection under the US Bankruptcy Code in New York, according to Bloomberg.

Chinese smartphone maker Xiaomi unveiled a new concept phone with 88° quad-curved waterfall screen on February 5, with the surrounding bezel almost entirely replaced by the screen and no openings or buttons on the body.

Chinese electrical appliances company Midea Group said it will equip Huawei HarmonyOS in its smart home business on a large scale this year and carry out more cooperation with Huawei.

Chinese short-video and live-streaming platform Kuaishou Technology (1024.HK) went public in Hong Kong on Feburary 5, opening at HK$338, up 193 percent from its offering price.

Suzhou, a city in eastern China, will launch its second digital RMB gift money distribution of RMB 30 million yuan on February 5, each amounting to RMB 200, for a total of 150,000 gift money packages.

SMIC plans to expand its mature 12-inch line by 10,000 wafers and its mature 8-inch line by no less than 45,000 wafers this year, according to company Co-CEOs Zhao Haijun and Mong-Song Liang.

Net income attributable to SMIC shareholders for the quarter was RMB 1.252 billion, up 93.5 percent year-on-year.