WASHINGTON/SAN FRANCISCO/TAIPEI (June 13): China's semiconductor industry is showing signs of flourishing even in the face of Biden administration efforts to counter its growth, raising alarm bells in Washington.
Chinese orders for chip-manufacturing equipment from overseas suppliers rose 58% in 2021, making it the biggest market for those products for a second year running, according to data provided by industry body Semi.
Used to be a good company back in 2019/20 but things changed due to wrong investment decision made. Company can't afford to suffer huge losses which forced to close down batu kawan plant within 1 year of operation. Company performance is badly affected and CEO rating dropped tremendously.
no need to wait for david la... business rule is simple... if the company is so good...no need to use the investor duit to acquire others company... need to focus to bag more and more contract first la... greatech got acquire other company? uwc got? dufu got?
1. your argument that any company that takes investors money is a bad company. that's a keen to saying all companies that went for listing (which took investors money by selling equity for expansion) are bad business haha. Who doesn't know that organic expansion using internal generated funds from operations are the best way. But sometimes window of opportunity to acquire doesn't come often and at the perfect timing where the company has all the cash to buy. If you really go deep into the technical side of advanced packaging technology semicon (bump and pitches for scaling), you will understand why the acquisition (Accurus) make a lot of sense.
jonathanlum: if the company dont need capital to expand why is listing?the purpose of listing is get financing from shareholder rather than to borrowing. Acquired the company is inorganic gowth not necessary is bad.but thanks you all talk badly i got chance to mop more at rm1.40
yes. david lee was right. Mi made a few terrible investment. expand at the wrong direction. my friend is employee of Mi. in 2021, one of the mi branch (mi autobotic) is closed down and merge back to hq (mi equipment) currently more than 50% employee resigned compare to january 2022. due to cut cost from this shitty company. acquire china company then what. keep rugi. and the Mi HQ (malaysia) employee am the one who get punished by cutting their silly decision. instead of investing into rnd and technology (internal team) they decide to expand company (sales perspective). imagine a group of 10 to 20 people need to support globally. beside this company having ccp management style. who can tahan??
who keep defending mi must be ball deep in their share.
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