Key Takeaways: Huawei reported its second-highest annual revenue in 2024, driven by strong sales for its smartphone and smart vehicle businesses The company's HarmonyOS will be key to its overseas smartphone expansion, filling a void after Huawei was forced to abandon Google's Android under U.S. sanctions    By Xia Fei Once written off as a casualty of U.S. sanctions, telecoms...

BEIJING (Reuters) - Semiconductor Manufacturing International Corp, China's largest contract chipmaker, reported a 38.4% year-on-year fall in fourth-quarter profit. Profit attributable to owners of SMIC reached $107.6 million in the October-December quarter, compared with analysts' estimate of $193.45 million, according to LSEG data. Revenue rose 31.5% to $2.2 billion, compared to market expectations of $2.18 billion, according to LSEG. ...

BEIJING (Reuters) - Investment in data centres and cloud infrastructure is still needed despite DeepSeek challenging the cost efficiency of large AI models, Baidu ( BIDU ) CEO Robin Li said on Tuesday. The investment in cloud infrastructure is still very much required. In order to come up with models that are smarter than everyone else, you have to use...

LONDON, Feb 11 (Reuters) - British fibre broadband company CityFibre reported its first full year of profit in 2024 as connected customers on its network passed 500,000, a total that is set to jump this year when major provider Sky joins its platform. The company, backed by Antin Infrastructure Partners and Goldman Sachs ( GS ), on Tuesday reported adjusted...