SMIC reports Q3 revenue up 34.7% YoY to $1.91B, with net profit up 54.1% YoY to $574.4M, and expects Q4 revenue to decline by 13% to 15% due to US sanctions (Che Pan/South China Morning Post)

Jane Lanhee Lee / Reuters:
Nvidia is offering Chinese customers the A800 GPU, which it says meets US export control rules, as an alternative to its A100 chip that the US banned for export  —  U.S. chip maker Nvidia Corp (NVDA.O) said on Monday it is offering a new advanced chip in China that meets recent export control rules aimed …

Jiaxing Li / South China Morning Post:
A look at Shanghai’s status as China’s chip hub: SMIC and SMEE making 14nm and 90nm chips, ~$36.95B market size in 2021 or ~25% of China’s total, and more  —  Shanghai is styling itself as China’s semiconductor highland with the city now accounting for one quarter of the country’s semiconductor value output …

Che Pan / South China Morning Post:
Chinese media reports: Xiaomi plans to lay off ~15% of its 35,314 employees amid weaker sales due to China’s COVID-19 lockdowns and slower consumer spending  —  Chinese smartphone giant Xiaomi, which has an ambitious goal of unseating iPhone maker Apple from the No 1 spot globally by 2024 …

Che Pan / South China Morning Post:
A profile of YMTC, China’s top memory chip maker that could end up in the crosshairs of US sanctions; YMTC had 1% share of the global memory chip market in 2020  —  A few months before the US-China trade war started in July 2018, local media coverage of President Xi Jinping was focused …

Steven Musil / CNET:
Samsung Q3: operating profit down 31%+ YoY to $7.65B, revenue up ~4% YoY to $54.1B, semiconductor sales down 14% YoY; first quarterly profit decline in ~3 years  —  Samsung’s quarterly profit declined in the third quarter for the first time in nearly three years economic uncertainty continues …

Andrew Orr / AppleInsider:
Apple reports a record $11.5B in Mac revenue for Q4, up 25% YoY, and sets “a quarterly record for upgraders”, but expects a YoY decline in Q1 2023  —  Mac sales were strong during Apple’s September quarter amid a declining PC market, but the company expects Mac revenue to slow down in Q4 compared to the same period in 2021.