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SiCarrier, a Chinese chip equipment maker linked to Huawei, is seeking $2.8 billion in its first fundraising round, aiming for an $11 billion valuation for a unit. Despite showcasing a diverse product range at SEMICON China, most offerings are still under development, raising concerns about customer trust due to potential trade secret leaks to Huawei. The Shenzhen government is backing the venture, which aspires to lead China's domestic chipmaking equipment market amid U.S. export restrictions.
SiCarrier, a Chinese chip equipment maker linked to Huawei, is seeking $2.8 billion in its first fundraising round to expand its client base and product offerings. Founded in 2021 and backed by the Shenzhen government, the company aims to become China's leading provider of chipmaking equipment, competing with Naura and AMEC. The funds will primarily support research, with interest from state-owned firms and domestic investors, as SiCarrier seeks an $11 billion valuation.
Investors are increasingly diversifying from U.S. assets to gold, cryptocurrencies, and Chinese markets, driven by trade tensions between the U.S. and China. UBS's Amy Lo noted a growing interest in China, while Morgan Stanley's Christina Au-Yeung highlighted improved market sentiment following a recent tariff truce. Both firms emphasize a shift towards risk budgeting among clients, reflecting heightened volatility in the market.
UBS’s Amy Lo reports a shift among wealthy clients from US-dollar assets to gold, crypto, and Chinese investments, driven by trade tensions. Interest in China is rising, with clients seeking opportunities as the country transitions to innovation. Morgan Stanley's Christina Au-Yeung notes improved market sentiment following a tariff truce, while advising a diversified asset allocation strategy amid increased volatility.
Huawei Technologies is partnering with UBTech Robotics to advance humanoid robots for industrial and home applications, aiming for large-scale adoption. The collaboration will focus on smart factories and the development of service robots, leveraging Huawei's AI processors and cloud technologies. The Chinese robotics market is projected to double this year, with UBTech planning to produce over 1,000 humanoid robots.
Silver prices are under pressure as investors await US inflation data amid a recent tariff agreement between the US and China, which has seen significant reductions in reciprocal tariffs. The US has lowered tariffs on Chinese imports from 145% to 30%, while China has reduced tariffs on US imports to 10%. Attention is now on the upcoming consumer price data, with economists predicting an inflation rate of 2.4% for April, which could influence future interest rate decisions by the Federal Reserve.
The dollar surged 1.6% amid rising Treasury yields, fueled by optimism over a U.S.-China trade deal that pauses tariffs for 90 days. However, Deutsche Bank warns that the benefits of recent trade agreements favor global growth over the dollar, potentially limiting its gains. The bank highlights ongoing uncertainty regarding U.S. fiscal policy as a significant concern.
Huawei's Aito M8 large crossover has garnered 100,000 orders in China ahead of its launch, with presales starting at 368,000 to 458,000 yuan (approximately $50,540 to $62,900). The vehicle features a dual-motor 4WD system, a range extender, and advanced tech like a 75-inch augmented reality head-up display. With dimensions of 5190/1999/1795 mm and a wheelbase of 3105 mm, the Aito M8 is poised to compete strongly in the EREV crossover market.
The US and China have agreed to reduce tariffs significantly for 90 days, easing trade tensions, with the US cutting tariffs on Chinese imports from 145% to 30% and China lowering duties on US goods from 125% to 10%. UniCredit raised its 2025 profit forecast after reporting an 8% rise in Q1 net profit to €2.77bn, driven by increased fee and trading income. Meanwhile, Spain's government is exploring merger alternatives for Banco Sabadell, seeking options beyond BBVA's €11bn takeover bid. UK digital bank Monzo is preparing for a potential IPO, aiming for a valuation over £6bn, while working with Morgan Stanley to engage prospective investors.
Goldman Sachs has increased its forecast for China's yuan, highlighting its undervalued status, particularly against the dollar. This suggests a potential for a stronger onshore yuan, which could serve as a counterbalance to tariff reductions.
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SiCarrier aims to lead China's chip equipment market amid Huawei concerns
01:02 14.05.2025
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