Reported about 11 hours ago
China's top chipmaker, Semiconductor Manufacturing International Corp. (SMIC), has warned that production disruptions may lead to a sales drop of 4% to 6% this quarter, contrasting with earlier expectations of an 8% increase. Issues with production lines have impacted product accuracy and yield, contributing to a disappointing net income of $188 million for the first quarter, below analyst estimates. Despite this, SMIC plans to invest $7.5 billion to enhance output this year.
Source: YAHOO