ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

China chip champion SMIC's profit falls 25% on lockdowns

Contract chipmaker logs revenue growth, keeps capex plans unchanged

Semiconductor Manufacturing International Corp. is China's top contract chipmaker.   © Reuters

BEIJING -- Semiconductor Manufacturing International Corp., China's top contract chipmaker, reported a 25% drop in quarterly net profit after its factories slowed for three months during which COVID-19 lockdowns hurt the Chinese economy.

Profit in the April-June quarter fell from the year-ago period to $514 million, the Hong Kong- and Shanghai-listed company said Thursday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more