SMIC

The Shanghai lockdown could reduce production by 5 per cent this quarter, SMIC said, warning of a collapse in demand for gadgets like smartphones and computers Company revenue grew 67 per cent in the first quarter despite sanctions…

Under this system, the government will hand-pick businesses from different sectors deemed as strategically important By allowing key producers to function as normally as possible, China is aiming to reduce the impact of strict…

SMIC’s revenues from customers in Eurasia, including Russia, are only around 12 per cent of its total, based on fourth quarter 2021 numbers Xiaomi was the leading smartphone brand in Russia in 2021, with a 31 per cent market share,…

On Thursday, Chinese chipmaker Semiconductor Manufacturing International Corporation (SMIC) released its latest performance report. According to the document, the company’s revenue in the fourth quarter of 2021 was 10.26 billion yuan ($1.62…

U.S. officials are considering discussing a Defense Department proposal this month to close regulatory loopholes that have allowed Chinese chipmaker SMIC to buy critical U.S. technology, the Wall Street Journal reported on Thursday. Some…

China’s top chipmaker said on Friday that it will build a nearly $9 billion chip plant in Shanghai, challenging global leader Taiwan Semiconductor Manufacturing Co. amid an industrywide rush to expand capacity. The plant will be…

Leading Chinese chipmaker Semiconductor Manufacturing International Corp. plunged nearly 6% Friday in Shanghai after the city’s stock exchange operator said it would drop the company from an index of stocks eligible for the Shanghai-Hong…

Chinese semiconductor giant SMIC generated USD 1.34 billion in total revenues in the June quarter, up 43.2% year-on-year and ahead of market expectations, the company said in its earnings release on Thursday. SMIC’s gross profit…

Chinese chipmaker Semiconductor Manufacturing International Corporation reported flourishing sales on Friday amid a global shortage of semiconductors, while senior executives hinted at progress in getting the company waived from a U.S.…