SMIC's profit plummets amid fierce competition in China, despite record utilization rate

Jingyue Hsiao, DIGITIMES Asia, Taipei Friday 9 August 2024 0

Credit: AFP

China-based pure-play foundry Semiconductor Manufacturing International Corporation (SMIC) reported a decline in profit despite growing revenue by more than 20% amid intense competition in China. The company experienced a falling wafer average selling...

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