Semiconductor companies in China will be exempt from corporation tax for between two to five years after which there will be a period if partial tax reductions, says China’s finance ministry. Companies using 65nm or better processes with an investment of $2.39 billion will be exempt from all corporate tax for five years. Companies using ...

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SMIC, the Beijing and Shanghai foundry company, saw 2017 revenues grow 6.4%  to  $3.1 billion but profits fall 52% to $180 million. Operating profit of $124.9 million was down from $339.2 million in 2016. Gross margin slid to 23.9% in 2017 from 29.2% in 2016, due mainly to rising depreciation costs and lower capacity utilization ...

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SpaceX has got FCC approval to launch 4,425 low-orbit satellites to provide low-cost internet connectivity. Because they fly low, the satellites will deliver faster connections than geo-stationary satellites. The FCC said SpaceX has been given permission to use frequencies in the Ka (20/30 GHz) and Ku (11/14 GHz) bands “This is an important step toward ...

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