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Huawei Technologies reported a 38% revenue increase in its consumer business for 2024, driven by a resurgence in smartphone sales, despite ongoing US-China tensions. Total revenue reached 862.1 billion yuan (US$120 billion), with the smartphone segment seeing a 37% rise in shipments to 46 million units, making Huawei the second-largest brand in China. The company also noted a significant growth in its intelligent automotive solutions, while net profit fell 28% due to increased investments in future technologies.
China's largest chipmaker, SMIC, reported a 27% revenue increase to a record US$8 billion for 2024, but net profit fell 45.4% to US$493 million due to legacy chip market challenges and US export restrictions, causing a 3.4% drop in shares. Hua Hong Semiconductor, the second-largest wafer manufacturer, saw a 12.3% revenue decline to US$2 billion and a staggering 79.2% drop in net profit to US$58 million, leading to a 3.3% share price decrease. Both companies are grappling with fierce competition and high-end chip production restrictions, while TSMC reported a 40% net profit increase to US$35 billion.
Taiwan's Investigation Bureau is probing Semiconductor Manufacturing International Corp (SMIC) for allegedly illegally hiring local engineers to gain access to advanced chip technology. The inquiry, announced on March 28, includes raids at 34 locations and questioning of 90 individuals, targeting SMIC and 11 other Chinese tech firms. SMIC has not commented on the allegations.
Huawei has increased the yield rate of its Ascend AI chips from 20% to nearly 40%, marking its first profitable production line. The company aims to reach a 60% yield, aligning with industry standards, as it seeks to reduce reliance on US chipmaker NVIDIA amid export controls. In collaboration with state-owned SMIC, Huawei plans to produce 100,000 Ascend 910C and 300,000 Ascend 910B processors this year.
Huawei has significantly increased its AI chip production yield to approximately 40%, doubling from a year ago, making its Ascend chip production line profitable for the first time. The company aims to reach a 60% yield, the industry standard, as it seeks to challenge Nvidia's dominance in China's AI chip market. Despite U.S. sanctions limiting access to advanced technology, Huawei plans to produce 100,000 910C processors and 300,000 910B chips this year.
Huawei has doubled its production of Ascend 910C AI chips, increasing the yield from 20% to nearly 40%, marking a significant step towards China's technological independence amid U.S. sanctions. The company aims for a 60% yield, aligning with global standards, while facing challenges in competing with Nvidia's established market presence and software advantages. Despite these hurdles, Huawei plans to produce 100,000 910C processors and 300,000 910B chips this year, reflecting its commitment to advancing China's semiconductor capabilities.
Huawei has significantly boosted its AI chip production, achieving a yield of nearly 40%, doubling from a year ago, which marks its first profitable production of Ascend chips. This advancement supports China's ambitions for semiconductor independence amid US export restrictions, as Huawei aims to produce 100,000 910C processors this year. Despite challenges in competing with Nvidia's established software and market presence, Huawei leads in China's AI chip output, accounting for over 75% of the market.
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