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South China Morning Post
02-07-2025
- Business
- South China Morning Post
Honor launches thinnest foldable smartphone with new AI agent amid steep competition
Honor, the Chinese smartphone maker spun off from Huawei Technologies , has unveiled what it touted as the world's 'thinnest and lightest' foldable smartphone, boasting built-in agentic artificial intelligence (AI) as competition heats up among Chinese handset brands. Advertisement The Magic V5 smartphone measures just 8.8 millimetres thick when folded and weighs 217 grams, the company said during its Wednesday launch event. The device is Honor's first flagship device since it announced a strategic shift towards becoming an AI hardware company , CEO James Li Jian said. A key feature of the Magic V5 is Yoyo, an AI agent that Honor said can generate presentation decks from shared articles. It can also coordinate ride-hailing orders across multiple apps, cancelling other orders once a ride is booked, which works by communicating with AI agents in other apps, according to the company. China's foldable smartphone market has continued to expand despite a lack of significant improvement in consumer demand for such devices, market intelligence firm IDC said in a report in April. Chinese vendors shipped 2.84 million foldable smartphones in the first quarter, up 53.1 per cent year on year, according to the report. An ad for the Honor Magic V5. Photo: Weibo/ 荣耀手机 Huawei led the segment in China by a large margin, capturing 76.6 per cent of the domestic foldable smartphone market in the first quarter, according to IDC data. Honor was a distant second with 9.1 per cent of the market. Huawei released its Mate XT, the world's first 'trifold' smartphone with two hinges, in September 2024 for domestic sale before rolling it out globally in February.
CNA
06-05-2025
- Business
- CNA
GlobalFoundries sees Q2 revenue, profit above estimates on stable chip demand
GlobalFoundries forecast second-quarter revenue and profit slightly above Wall Street estimates on Tuesday, in a sign that the contract chipmaker was seeing stable demand despite choppy auto production and a soft smartphone market. U.S. President Donald Trump's sweeping global tariff plans have threatened to upend the semiconductor industry. Tariffs on automakers - the third largest end-market for GlobalFoundries - have already kicked in, roiling the sector. However, tariffs on foreign-made chips could help U.S. manufacturers like GlobalFoundries by helping redirect customers toward chips being made in U.S. factories, outgoing CEO Thomas Caulfield has said. GlobalFoundries said on Tuesday it saw an increase in its automotive segment in the first quarter ended March 31 from a year ago. Still, the smartphone market - the company's biggest revenue segment - is facing pressure, with estimates pointing to a decline in smartphone demand this year. Policy uncertainty is also clouding the chip industry, which is bracing for potential changes to the CHIPS Act, a 2022 law that made $52.7 billion in subsidies available for domestic semiconductor chips manufacturing and production. The world's third-largest chipmaker, GlobalFoundries, expects net revenue of $1.68 billion, plus or minus $25 million, in the second quarter. Analysts on average expect revenue of $1.67 billion, according to data compiled by LSEG. The company projected adjusted per-share profit of 36 cents, plus or minus 5 cents, compared with estimates of 35 cents. It reported total revenue of $1.59 in the first quarter, a touch above expectations of $1.58 billion. Adjusted earnings of 34 cents beat estimates of 28 cents. Reuters reported in March GlobalFoundries and Taiwanese chipmaker United Microelectronics Corp were looking into the possibility of a merger. UMC in April, however, said there was no on-going merger activity at the time.
