Tech

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.

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.

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.

Chinese smartphone makers Xiaomi and Vivo may launch phones with prices over RMB 10,000 ($1,550) this year, according to a well-known Weibo blogger.

Prior to this, the CR400 series of Chinese Standard EMU “Fuxing” has a maximum speed of 400km/h, with a sustained operating speed of 350km/h, making them the fastest commercially operated trainsets in the world.

Lenovo's revenue for the quarter ended December 31 reached $17.25 billion, up 22.3 percent year-on-year, according to financial reports released today by the tech giant.

Chinese tech giant Huawei will unveil its next-generation folding flagship Mate X2 on February 22, which will be powered by Kirin 9000 processor.