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China's chip crunch deepens: Hua Hong drops 88% as nearly 50 firms post losses

Levi Li, DIGITIMES Asia, Taipei 0

Credit: Caixin

Hua Hong Semiconductor, a major Chinese state-owned foundry, posted a sharp profit drop for the first quarter of 2025, with net income falling 88.1% year-over-year to US$3.8 million. In yuan terms, net profit...

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