China’s top chipmakers see shares plunge amid tariff uncertainty, despite revenue growth
SMIC, the country’s biggest chipmaker, expected a 4 to 6 per cent sequential drop in second-quarter revenue, citing “fab production fluctuation” as a cause that led to a decrease in average selling prices, co-CEO Zhao Haijun said in an earnings call on Friday. The company noted in its earnings report on Thursday that the second […]
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