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Huawei's new laptop uses older China-made chip, US curbs stall SMIC, report shows

Huawei's new laptop uses older China-made chip, US curbs stall SMIC, report shows

Time of India6 days ago

BEIJING: Huawei Technologies' new MateBook Fold laptop is powered by an older-generation chip made by
SMIC
, highlighting how U.S. export curbs are hindering China's top foundry from advancing to next-generation semiconductor manufacturing, Canadian research firm TechInsights said on Monday.
There was widespread speculation in the industry that Huawei would use SMIC's newer 5nm-equivalent N+3 process node chip in the MateBook Fold that, according to TechInsights, marks Huawei's "most aggressive entrance into full-stack computing; chip design, OS development, and hardware integration".
However, the laptop instead features the Kirin X90 chip, built on the same 7nm N+2 process node that was first introduced in August 2023, TechInsights said in a report.
"This likely means that SMIC has not yet achieved a 5nm equivalent node that can be produced at scale," it said.
"U.S.-imposed technology controls are likely continuing to impact SMIC's ability to catch-up to current foundry leaders in more advanced nodes across chips for mobile, PCs, and cloud/AI applications," TechInsights added.
The MateBook Fold, which does not have a physical keyboard and features an 18-inch OLED double screen, was one of two new laptops Huawei launched last month. The devices are part of Huawei's broader push to build a self-reliant ecosystem amid U.S. efforts to limit its access to advanced chips.
The laptops are the first to be sold with Huawei's Harmony operating system. It has not officially disclosed the processor used, though past models have used Intel chips.
Huawei did not immediately respond to a request for comment.
Reuters reported last year that the U.S. revoked licences that had allowed companies including Intel and Qualcomm to ship chips used for laptops and handsets to Huawei.
The U.S. curbs limited SMIC's access to advanced chipmaking tools, including extreme ultraviolet lithography. China-based foundries have to now rely on less efficient multi-patterning techniques that reduce yield, the report said.
The report noted that Huawei's 7nm chip is several generations behind those used by Apple, Qualcomm, and AMD. It added that China remains at least three generations behind the global semiconductor frontier, as foundries like TSMC and Intel prepare to roll out 2nm process technology within the next 12 to 24 months.
Earlier this month, Huawei CEO Ren Zhengfei told Chinese state media that Huawei's chips were just one generation behind that of U.S. peers but the firm was finding ways to improve performance through methods such as cluster computing.

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Gold falls to one-month low as trade optimism spurs risk appetite

Economic Times

time32 minutes ago

  • Economic Times

Gold falls to one-month low as trade optimism spurs risk appetite

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Signature Global to invest Rs 2,200 cr on new housing project in Gurugram
Signature Global to invest Rs 2,200 cr on new housing project in Gurugram

The Print

timean hour ago

  • The Print

Signature Global to invest Rs 2,200 cr on new housing project in Gurugram

Signature Global emerged as the fifth largest listed real estate developer last fiscal in terms of sales bookings by achieving record pre-sales of Rs 10,290 crore. The company has recently launched a premium residential project, 'Cloverdale', comprising 770 apartments, on Southern Peripheral Road (SPR), Sector 71, Gurugram. New Delhi, Jun 29 (PTI) Realty firm Signature Global will invest around Rs 2,200 crore to develop a new housing project in Gurugram to expand business and achieve over 20 per cent growth in its pre-sales this fiscal year. The Gurugram-based company has given a guidance of posting Rs 12,500 crore worth pre-sales in the current fiscal. 'We have launched a new housing project in Gurugram. Housing demand continues to be strong in this city, especially for reputed builders,' Signature Global Chairman Pradeep Kumar Aggarwal told PTI. The company is selling homes in a price range of Rs 4 crore to Rs 7 crore in this project, which is spread over 8 acres and is part of an overall 22-acre development. The project is scheduled to be completed by 2031. Last month, Aggarwal said the company will invest around Rs 4,000 crore this fiscal to acquire land parcels and carry out construction activities in its housing projects at Gurugram. Signature Global had invested Rs 1,070 crore last fiscal year to purchase 48 acres of land in Gurugram, Haryana. 'Land is an important raw material for real estate developers. We will be investing around Rs 1,200-1,500 crore on the acquisition of land parcels,' he had said. Aggarwal said the investment in construction activities would be around Rs 2,500 crore in 2025-26 against Rs 1,900 crore in the preceding fiscal. Last week, Signature Global announced plans to raise Rs 875 crore through issue of non-convertible debentures to refinance debt and expand business. 'We have taken the approval of board to raise funds. We will also seek shareholders approvals,' Aggarwal said. He said the company will use Rs 450 crore to refinance its existing debt while the remaining amount will be for business growth. Aggarwal said the company is targeting to raise funds by end of August, subject to shareholders' approval. Signature Global, one of the leading real estate developers in the country, started its business to develop affordable housing projects but shifted its focusing on mid-income, premium and luxury segments because of high land cost in Gurugram. It posted a net profit of Rs 101.2 crore last fiscal, a sharp jump from Rs 16.32 crore in the preceding year. Its total income grew to Rs 2,637.99 crore in the last fiscal from Rs 1,324.55 crore in 2023-24. Since inception, Signature Global has delivered 13.5 million square feet of housing projects and has a strong pipeline of about 21.6 million sq ft of saleable area in upcoming projects, along with 46.38 million sq ft of ongoing projects, targeted for completion within the next 2-3 years. PTI MJH HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.

Late, missing PF contributions by employer today could prevent your PF withdrawal, transfer later: Here's how to track your EPF properly
Late, missing PF contributions by employer today could prevent your PF withdrawal, transfer later: Here's how to track your EPF properly

Time of India

timean hour ago

  • Time of India

Late, missing PF contributions by employer today could prevent your PF withdrawal, transfer later: Here's how to track your EPF properly

Missing, delayed contributions Academy Empower your mind, elevate your skills Erroneous contributions How to rectify gaps For many, the Employee Provident Fund remains a cornerstone of retirement planning. But what if this safety net gets torn when you need it? This nightmare scenario is a reality for many who face claim rejections at the time of withdrawing provident fund money. Even the tiniest of errors or gaps in your employment records can leave your PF in limbo. One potential red flag may be discrepancies in the contributions to your EPF account . Here's how a tiny omission can have costly repercussions for month, when a portion of your salary gets diverted towards the EPF account, your employer is expected to deposit an equivalent amount . The employer is obligated to remit this payment within a specified time frame, usually the 15th of the following month. Since it is the employer's responsibility, most of us trust company officials to make the payin punctually. You may not realise it at the time, but your employer may have missed or delayed some contributions. If the employer has not remitted the PF dues, you may face problems during Kanekar, Founder, FinRight Technologies, points out 'Delayed or missing contributions may ultimately lead to your claim getting rejected or put on hold.'Often, the missing contributions may be owing to simple administrative errors. Chennai-based Purushothaman P, 39, worked with an IT services company for 12 years from 2010 to 2022. During this stint, he was posted abroad with the same employer's group company for nearly four he was not on the payroll of the Indian company during this period, his records show a gap in PF contributions of 40 months. The nature of this gap, or non-contributory period, was not properly recorded by the employer on the Employees' Provident Fund Organisation ( EPFO ) portal. This discrepancy reflected as incomplete service history and a lower visible PF balance in his PF records. For this reason, his EPF transfer request was later Purushothaman's case, the matter got resolved quickly as his employer issued a letter to the EPFO, citing the reason for the gap in contributions. This was sufficient for the EPFO to approve his transfer. 'Written clarification from my employer was required to mark the days of non-contributory period in my PF records,' says another instance, when Nitin Prakash of New Delhi applied for PF withdrawal after leaving his employer in December 2024, he found that the latter's PF contributions were only credited up to October. The employer had deposited November and December dues belatedly in January 2025 as part of the final settlement. This discrepancy between the date of exit and contribution timeline prevented Prakash from initiating his final PF recent years, there have been several media reports of companies failing to deposit money in the EPF account of employees. 'Instances of missing or delayed contributions are increasing and affecting employees' provident fund savings,' observes Vikash Jain, Co-founder, Share Samadhan. 'This may be due to sheer negligence by the employer or could be intentional in some cases, such as when the company is in financial distress .'For instance, airline SpiceJet was in the news last July for not depositing EPF dues of its staff since January 2022. Employees at Byju's (Think and Learn Pvt Ltd) had accused the edtech company of not depositing PF contributions, despite the same being deducted from their pay. Byju's reportedly made the payment later after much rise in such episodes last year led to the EPFO issuing a stern warning to employers. Experts have also noted that missed payments need not just happen with cashstrapped or troubled employers; even healthy companies can miss their share of EPF contributions, due to defaulting on PF contributions are liable to pay damages and interest on the amount due. As per sections 7Q and 14B of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, the employer is liable to pay damages and higher interest rate on amount due from damages and penalty rates differ according to the duration of the delay. If the duration of default is less than two months, the employer has to pay 5% per annum of the total contribution to the employee's fund. A default of 2-4 months will incur damages at 10% per annum, which rises to 15% for delays up to 4-6 months. If the employer fails to deposit PF dues for over six months, the penalty is 25% per annum of the total contribution. However, the damages are restricted up to 100% of the amount due. Simple interest at 12% per annum is payable on the due amount for the entire period of the EPFO portal and click on the 'For Employees' section under the 'Services' section on top of the on 'Member Passbook' under 'Services'.Enter your UAN and password. Fill in the captcha and sign in.A six-digit OTP will be sent to your Aadhaarlinked phone the OTP and click 'Verify'. Your PF account balance will be displayed on the can check your EPF balance on the EPFO portal only if your UAN is activated and registered on the in to the UMANG app by clicking on the profile picture. Select 'Services' and click on the 'Social Security' on 'EPFO' option from the list of 'Employee Centric Service', click on 'View Passbook'Enter your UAN number. You will receive an OTP on your registered mobile on the company for which you want to view and download the EPF passbook. The passbook will be displayed on the contributions is another problem area. Your employer may inadvertently deposit a lower or higher amount to your EPF account. 'Often, PF contribution amount deposited by the employer does not match as per the rules, which can create problems for the employee,' asserts simple accounting errors may lead to erroneous PF contributions. For instance, an employee who gets a salary hike in April may receive the higher salary payout, but the payroll team may continue depositing PF as per old many instances, errors creep into EPS (Employee Pension Scheme) contributions. Under the EPF rules, 8.33% of the 12% employer contribution is diverted to fund the EPS, subject to a monthly wage ceiling of Rs.15,000. Currently, a maximum contribution of Rs.1,250 per month is deposited to the employee's EPS account. Sometimes, the employer may inadvertently skip EPS contributions or deposit the wrong Pune-based chartered accountant Vaibhav Jain, 35, switched jobs in 2019, his PF transfer from the previous employer got rejected, as his EPS account had money he was not eligible for. Since 2014, new members are not eligible to enrol in the pension scheme of EPF if their monthly pay exceeds Rs.15,000. Jain's previous employer had mistakenly continued to deduct money towards EPS for three years even though his wages exceeded the ceiling. This resulted in his PF transfer getting blocked. For five years, Jain's entire PF corpus was stuck—and interest thereon went unpaid—as he ran from pillar to post in many failed attempts to get his passbook reconciled. He finally got his PF transfer processed towards the end of last year, along with unpaid insist that the onus is on employees to remain vigilant about discrepancies in their PF contributions.'Regular monitoring by the employee is required for early detection of these issues,' says Jain, adding, 'The employee often realises the gaps only at the time of applying for withdrawal or transfer, at which point it may be difficult even for the employer to correct the records.'If this sounds like a task, don't fret. Missing or delayed contributions are fairly easy to spot. Here is what you can your passbook on the EPFO portal or UMANG app to keep tabs on the deposits to your EPF account on a monthly basis. Any discrepancy in contributions will be reflected in the passbook. The member must activate his/her UAN to access the e-passbook. Members also receive SMS on their registered mobile phone on credit of monthly contribution to their PF account, though this system unfortunately doesn't always work. Employees may also verify their salary slips to see if the amounts match with the PF you find any gaps, bring it to your employer's attention immediately and seek rectification. For record, send a written communication to your HR with evidence of your EPF passbook. 'In cases of genuine administrative lapses, the employer may simply clear the dues or issue a clarification letter to the EPFO citing reasons for the gaps,' avers if the employer is non-compliant, you may have to escalate the matter to the EPFO directly. You may file a grievance on the EPF i Grievance Management System (EPFIGMS) portal or file a written complaint with the regional PF authorities. Submit relevant proof that EPF deposits have been deducted but not deposited in the EPF account. Your salary slips and EPF passbook entries should be enough evidence in most cases. If the employer is in default, the EPFO has the power to investigate and seek corrective actions by the employer, failing which it can impose damages and penalties on the company. The EPFO can file a complaint with the police under Section 316 of the Bharatiya Nyaya Sanhita for action against the the problem persists, try filing a grievance with the Centralised Public Grievance Redress and Monitoring System (CPGRAMS). Finally, if nothing else works, consider approaching the courts. 'If the employer continues to default and refuses to comply, employees can seek legal remedies,' Jain of Share Samadhan on the nature of the discrepancy, it may take anywhere between a few weeks to a few years to get the issue resolved. Prolonged delays can severely hamper your financial well-being. Therefore, it is critical that employees remain proactive and monitor their EPF contributions regularly to flag issues well before time.

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