Semiconductor Manufacturing International Corporation (SMIC) announced revenue of $1.8 billion in first three months ended March 31, a 16.6% rise from the previous quarter

The Taiwanese group, which is a key supplier for Apple, reported a 4% rise in first-quarter revenue despite chip shortages, supply chain issues and reduced demand for electronics

US Commerce Secretary Gina Raimondo says Beijing is pushing US executives, companies and business groups to fight against China-related bills in Congress

The pillars of the new law include protecting sensitive technology, strengthening supply chains for semiconductors and encouraging new tech such as artificial intelligence

Carmaker plans to boost profit margins and split its electric vehicle and combustion engine businesses amid intense competition in the landmark switch to cleaner cars

The halt in production is the latest in a series of difficulties the factory faces as Shanghai enters a sixth week of lockdowns

The new factory, which the company hopes to set up by 2024 in Kitakami in Iwate prefecture, will manufacture ceramic capacitors

The power transfer puts the spotlight on the growing expertise of the local workforce, though major decisions and key tasks are still undertaken at Apple's headquarters in California

Nvidia's chips became popular for their use in crypto-mining, the process of obtaining crypto rewards in exchange for verifying transactions on distributed ledgers

That poses “systemic risks” to its future, the newspaper said, with customers and governments increasingly demanding more sustainable supply chains

Congress has been working on China competition legislation for more than a year. The Senate first passed a version in June 2021, with strong bipartisan support

Volvo said production was down at the end of the first quarter due to a shortage of a specific semiconductor and warned that the supply problem would persist