Reported about 9 hours ago
China's leading semiconductor manufacturer, SMIC, experienced a significant increase in first-quarter revenue and profit due to rush orders from U.S. clients wanting to avoid tariff hikes. However, the results did not meet analysts' expectations, and the company forecasts a potential revenue decline in the second quarter, citing possible lower production yields from testing new equipment. Amid escalating trade tensions, Chinese authorities are actively engaging with the chip sector to minimize impacts, though future demand remains uncertain.
Source: YAHOO