What Makes Business Leaders Influential in 2025?
01/22/2025
No Comments
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
May 15, 2023: China’s most prominent semiconductor manufacturing firm SMIC posted its rather decline in quarterly earnings in over three years as a glut in chips and lack of demand persists in hitting the industry.
Semiconductor Manufacturing International Co. posted earnings of $1.46 billion in the initial quarter of the year, down 20.6% year-on-year. The previous time the company experienced a sales refusal was in the last quarter of the year 2019.
Net profit reached $231.1 million, which decreased 48% yearly.
SMIC Is China’s most crucial chipmaking company. It is critical to Beijing’s ambitions to improve its domestic semiconductor market and catch up with rivals such as Taiwan’s TSMC and South Korea’s Samsung.
Therefore, the firm’s technology is still years behind leading firms. In 2020, SMIC was placed on a U.S. trade blocklist called the Entity List. And the previous year, Washington introduced sweeping export restrictions to cut China off from advanced chip tech and equipment. Indeed, these curbs have slashed SMIC off from the critical tools required to make more advanced chips.
Despite the headwinds, SMIC posted record earnings for the whole of 2022.
Regarding 50% of SMIC’s revenue comes from making chips into smartphones and other consumer electronics. Both smartphone and PC shipments came down in the initial quarter. But the recent business slump comes amid a problematic chip market with a glut of supply and lack of demand that has reached firms across the industry.
Samsung, the world’s significant maker of memory chips, saw its profit decrease in the initial quarter.
However, SMIC forecasts its second-quarter earnings to recover and rise between 5% and 7% quarter-on-quarter. Many different chipmakers have forecast a recovery in the year’s next half.
“For 2Q, it guided its sales to catch up earlier than its peers,” Sze Ho Ng, an investment bank China Renaissance analyst, stated. “The domestic market recovery is occurring earlier than overseas,” Ng stated.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
The leadership landscape is profoundly changing, influenced by technological advancements, shifting workforce expectations, and the need for adaptability in an unpredictable global environment.
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
Corporate leaders often navigate turbulent waters where failure is not just a possibility but an inevitable part of the journey …
Corporate leaders play a pivotal role in shaping organizational cultures that embrace diversity and foster inclusivity. How can these …
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
January 22, 2025: Brazil experienced a devastating wildfire surge in 2024, with 30.8 million hectares (119,000 square miles) of land destroyed
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
January 21, 2025: The UK government has stated it has “no plans” to ban TikTok, even as the U.S. moves forward
January 20, 2025: Los Angeles is grappling with the aftermath of wildfires that have ravaged vast areas, destroyed homes,
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
