SMIC says China’s localization push is boosting chip demand

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The top chipmaker's revenue grew 22% between April and June, but its profit has declined due to a price battle.

The post SMIC says China’s localization push is boosting chip demand appeared first on KrASIA.

Semiconductor Manufacturing International (SMIC) said geopolitical uncertainties were fueling the rush to onshore production.

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Article Details

Author / Journalist: Nikkei Asia

Category: TechnologyStartupsBusiness

Markets: China

Topics: Capacity Year Quarter Localization Added Zhao Demand Revenue Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-22 @ 00:30:08 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: kr-asia.com

Language: English

Article Length: 68 words

Reading Time: 1 minutes read

Sentences: 19 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © KrASIA

News ID: 22201464

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Main Topics: TechnologyStartupsBusiness

Official Website: kr-asia.com

Update Frequency: 2 posts per day

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News Last Updated: 12 hours ago

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