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SMIC surpasses UMC in sales, competition pressures SMIC profit

Jingyue Hsiao, DIGITIMES Asia, Taipei Friday 10 May 2024 0

Credit: AFP

According to SMIC's financial results, it reported rising sales in the first quarter but saw worsening profits due to intensifying competition in China, particularly in commoditized products like DDI and CIS. SMIC reiterated its commitment to build...

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