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Semiconductors

China's SMIC says domestic chip demand to offset oversupply risk

National tech champion posted record 2021 earnings, expects robust 2022

China's SMIC says its diverse client base and product offerings will help shield it from gluts in specific chip categories.   © AP
CHENG TING-FANG and LAULY LI, Nikkei staff writers | China

TAIPEI -- China's Semiconductor Manufacturing International Co. (SMIC) said it is not concerned about oversupply in the chip industry as it continues to expand production capacity, saying domestic demand will insulate it from any global shocks.

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