China Chipmaker SMIC Predicts Weak Demand in 2023 – SCMP

Chipmaker Semiconductor Manufacturing International Corp (SMIC) is predicting weak demand for the first half of 2023, the South China Morning Post reported on Friday.

The statement came after the China chip firm reported flat revenue growth in the third quarter, said the report, as it faces challenges from US export restrictions on China.

Read the full report: The South China Morning Post

Read more:

Germany Blocks Chip Firm Sale Due to Security Concerns

China Opposes Taiwan’s $10m Lithuanian Chip Investment

Nvidia Offers New Chip to China That Meets US Limits

Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.

You Might also Like

China’s Huawei, SMIC ‘to Ramp Production’ of Newest AI Chip

Taiwan Says TSMC Not Allowed to Make 2nm Chips Abroad, For Now

TSMC to Cut Off All Chinese AI Clients From Its Advanced Chips

TSMC Says It Obeys Export Controls as US Probes Links to Huawei