China’s chip champion SMIC reports slump in revenue, income for 2023 amid weak market, stiff competition
Semiconductor Manufacturing International Corp (SMIC), China’s top contract chip maker, reported declines in revenue and net income for 2023 amid weakening global demand, stiff competition and high inventory levels. SMIC’s revenue for the full year was US$6.32 billion, compared with US$7.27 billion in 2022. Net income for the latest year fell 50.4 per cent to … Read more
