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Gerald Yin Zheyao, founder and CEO of AMEC, has renounced his U.S. citizenship and restored his Chinese nationality, a move disclosed in the company's annual report. This decision reflects the impact of U.S. export controls on semiconductor executives, prompting a shift in leadership dynamics within Chinese firms. Amid rising tensions, AMEC is enhancing its R&D efforts and accelerating product development to bolster China's semiconductor self-reliance.
Love Bonito reported a 37% revenue growth in 2023 and aims for over US$75 million in revenue and EBITDA profitability by 2025, despite workforce cuts. Meanwhile, EngineAI, a Shenzhen robotics startup, raised nearly US$28 million to enhance R&D and expand internationally. In response to US tariffs, Indonesia plans to reduce the effective tariff burden on businesses, while Singapore's Prime Minister warns of economic repercussions from a 10% universal tariff.
Naura Technology Group, China's largest chipmaking equipment supplier, anticipates a 51% revenue growth in Q1 2025, reaching 8.98 billion yuan (US$1.2 billion), with net profit expected to rise by 53% to 1.74 billion yuan (US$237.8 million). This follows a strong 2024, where revenue increased by 35.1% to 29.8 billion yuan (US$4.07 billion) and net profit rose by 44.2% to 5.6 billion yuan (US$763.9 million), marking the third consecutive year of growth for the company.
China's semiconductor equipment investments are projected to decline significantly in 2025 and 2026, with spending expected to drop to $29.7 billion in 2025, a 19.5% decrease from 2024. This downturn is driven by stricter US export controls and high inventory levels, leading to a slowdown in orders from key suppliers like ASML.Despite these challenges, Chinese firms are advancing in artificial intelligence, with domestic providers anticipated to capture around 20% of the market this year. UBS recommends shares of NAURA Technology Group, while downgrading Advanced Micro Fabrication Inc to "Neutral," citing limited growth potential.
NAURA Technology Group Co., Ltd.
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Chinese chipmaker AMEC founder renounces US citizenship amid semiconductor tensions
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09:48 19.04.2025
love bonito reports strong growth and plans for future expansion
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11:30 10.04.2025
China's Naura forecasts 51 percent revenue growth for first quarter 2025
03:30 09.04.2025
China's semiconductor investment forecast declines amid US export controls and innovation potential
07:40 29.11.2024
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