SMIC profit plunges despite Huawei orders: survival heavily dependent on subsidies and external sources

Amanda Liang; Jerry Chen, DIGITIMES Asia Friday 24 November 2023 0

Credit: AFP

Semiconductor Manufacturing International Corp (SMIC) has unveiled its latest quarterly financial report, revealing a sharp decline in profits due to rapid expansion and sacrificing capacity utilization. In the third quarter of 2023, gross profit, operating...

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