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Top China chipmaker SMIC buoyed by robust domestic demand

Company raises outlook as access to some US chip tools improves

SMIC reported strong profit growth despite a U.S. crackdown on the Chinese chipmaker.   © Reuters

TAIPEI -- China's top contract chipmaker, Semiconductor Manufacturing International Corp., said on Friday that strong domestic demand is helping it deliver robust earnings despite a U.S. crackdown that has restricted the company's access to American technologies since last year.

However, SMIC also acknowledged that Washington's trade restrictions have impacted its development of more advanced chips.

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