Tag: $SMIC

China’s largest chipmaker SMIC posts a 80% drop in third-quarter profit

China’s largest chipmaker SMIC on Thursday posted a 80% profit drop as semiconductor woes persist.

China’s biggest chipmaker posts first quarterly revenue fall in 3 years as semiconductor woes persist

China’s biggest semiconductor manufacturing firm SMIC on Friday posted its first decline in quarterly revenue in more than three years as a glut in chips and lack of demand continues to hit the industry.