smic says it is because global customers were more willing to build up inventory and domestic customers on the show, one word every investor needs to know today and the under the radar consumer player that our next guest says should be satisfied with if they are hungry for opportunity p % iseat is u40th yr. we will tell you the mystery chart name when we come back and they're all coming? those who are still with us, yes. grandpa! what's this? your wings. light 'em up! gentlemen, it's a beautiful... ...day to fly. >>> welcome back to "worldwide exchange." time for the "wex wrap-up. the nlrb is looking for tesla over employee complaints. >>> and apple issuing a rare apology for the advertisement on the ipad pro after it was criticized on social media the company says it just missed the mark with the video. >>> calpers is considering a vote against the re-election of exxonmobil ceo darren woods to the board of directors it is concerned of shareholder dissent. >>> and microsoft is looking to open up an openai on monday. >>> and we get consumer sentiment and budget figures and fed speeches f

that it was manufactured using the 7-nom process. in the factories of chinese contract manufacturer smicwei chips since the company lost the ability to print processors in taiwan at the factories of market leader tsmc. whether this is true is not known for certain, but it is known that in the first quarter of this year the chinese chipmaker suddenly took second place in the world in terms of revenue among pure contract manufacturers, that is, not counting intel and samsung, since those are the same chips. and are being developed, in addition to the processor in the new phone , the display and its protective coating, the drive, and a dozen and a half sensors, sensors and controllers are indicated as huawei's own, however, you need to understand that this is import substitution - it's not like some kind of miracles of overcoming, here we are under sanctions and did, in fact, even before the sanctions, huawei had been investing tens of billions of dollars in research and development work for years, received thousands... card, limited design, access to a sim card with a wow tariff, a month o

china's largest chipmaker smic, missed quarterly expectations blooming sluggish microeconomics conditions income was $72 million on revenues of $1.75 billion. both came in below analyst estimates as consumer sentiment remained weak. smic may still get a boost with smartphone imports from huawei expected to double this year -- smartphone chip orders from huawei expected to double this year. there was a lukewarm forecast for the fiscal year, the ceo of arm. he told us what he is still confident of long-term growth. >> we are forecasting growth this year at north of 20%. we also signaled to the markets yesterday that in 2025, 2026, 2027, we see growth growth. we are very confident of this growth rate going forward. >> i want to focus in on the cell phone play because that's where your bread and butter has been in history. how are we looking, is the market looking strong for you? we have many mixed messages coming from china demand, for example. >> over all the cell phone market has been having a good growth rate. our version 9, now being used in many of the premium mobile phones drives a hig

we saw yesterday that search in the stock of smic of 7% committed today not faring as well, but still on other chipmaking stocks. let's take you to the property side of things. shanghai, tier one city, using homebuying restrictions. it sends a signal that perhaps authorities are waking up to the importance of the real estate sector in the chinese economic recovery. it comes just after the central government relaxations allowing the cities to dictate the mortgage right. what we're seeing from shanghai is significant in that sense. if you look at what we're seeing in the stock market performance on some chinese property names, it is not quite showing up in positive sentiment. only the ones operating in shanghai that are really benefiting from this latest bit of news, tom. tom: avril hong in singapore with a check on the asian markets. more of that china story coming through for the commodities market rather than individual real estate companies, at least for now. let's get to jennifer zabasajja on the details around a major week when it comes to the vote. the general election in south a

found a 70 -- a seven millimeters semiconductor in the semiconductor manufacturing international or smic in the allegation there was that perhaps those chips were made with u.s. equipment, which would essentially the way the export controls and sanctions have been written, would be in violation. that's where it comes back to the potential sanctions against those six other chinese companies. but again, huawei obviously will be looking to the domestic market, it will be looking to other markets, not the u.s. market, but it's another hick up, if not, speed for huawei if it gets further sanctioned and restricted access to those lesser advanced chips from qualcomm and intel. haslinda: tiktok focus today. his chinese parent bytedance launching a former legal challenge to the u.s. law forcing it to divest her face of man, what do we know about this lawsuit? what we know is that it will take a long time. stephen: that's right. essentially tiktok is not going to roll over and just willingly divest, talking about the parent company, bytedance, divest its stake in tiktok. they will fight this throu

beneficiary chip names, amd, broadcomm, and they've underperformed to over the last month, and smic is and it's been the big chinese internet names that have led the rebound suggesting their own a.i. trade is gaining momentum and helping hong kong to take the title as world's best performing stock market in papril. it has continued to move up another 5% this week alone, almost 5% i should say. there is almost this question of whether chinese stocks are actually investable at all because you never know what beijing is going to do. the fundamentals are building. china's a world leader from research, and from georgetown university published this week, china leads the u.s. in research in more than half of a.i.'s largest field in the machine learning. the app, another potential data point. china sales are falling, and counterpoint research says consumers are citing the major advancements in hardware and performance as a reason to refrain from buying new iphones while they made a lot of ground, and it's offering some of those features, raising the stakes for wwdc. >> deirdre, leslie and i we