SMIC Warns of Industry Downturn as U.S. Sanctions Cloud Its Future
China’s top chipmaker’s second-quarter results matched market expectations, but it warned of a cyclical slowdown in the global semiconductor industry Key Takeaways: SMIC’s second-quarter revenue rose by 40% year-on-year and…
RELATED ARTICLES
-
Weak electronics demand squeezes SMIC margins
0981.HK 688981.SHG
- Chip breakthrough sends U.S. scrambling for new measures to stifle Huawei
- Huawei: 5G comeback kid, or sucker for new sanctions?
-
U.S. Chips Act aims to curb China, but bringing manufacturing home is tough
TSM.US
-
Industry woes chip away at ASMPT, with little relief in sight
0522.HK
-
Daylight ahead for China’s battered semiconductor sector?
1347.HK
-
FAST NEWS: SMIC’s gross margin plunges, with no bottom in sight
0981.HK 688981.SHG
Discover hidden China stock gems in our weekly newsletter