SMIC faces profit decline amid rising competition and low returns from high-end chip manufacturing

Jingyue Hsiao, DIGITIMES Asia, Taipei Wednesday 12 February 2025 0

Credit: AFP

Despite a surge in sales, SMIC is still facing a decline in profit due to increasing competition from other Chinese foundries. Additionally, the company remains committed to supporting high-end chip manufacturing, even though it is likely to yield low...

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