Tag Archives: smic

Aside from the popular Apple and Samsung brands, Huawei is probably one of the few other companies that has designed its smartphone processor. Another threat may just have added to the number of issues that Apple Inc (NASDAQ: APPL) currently faces in China. Despite the pertinent geopolitical and economic threats to its existence in the region, the giant tech firm now faces an additional challenge from a resurgent Huawei. That is because China’s biggest semiconductor manufacturer SMIC has...

Chinese chip powerhouse SMIC saw Q1 revenue fall to $1.46 billion as it continues to withstand chip shortages and US trade sanctions.  Semiconductor Manufacturing International Corporation (SMIC) has seen its revenue fall according to its latest quarterly figures. On Friday, the Chinese chipmaking giant posted revenue of $1.46 billion for Q1 2023 amid challenging macroeconomic parameters. In addition to being down 20.6% year-on-year (YoY), SMIC’s latest revenue haul represents the first...

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