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

Top China chipmaker SMIC sees 'no end' to market downturn

Company says U.S. export controls impacting orders from American clients

TAIPEI -- Top Chinese chipmaker Semiconductor Manufacturing International Corp. on Friday said U.S. export controls are making some American clients "hesitant" to work with the company, and warned it is yet to see an end to the downturn in the overall chip industry.

At the same time, SMIC has increased its planned capital expenditure for 2022 to $6.6 billion, from $5 billion, citing the need to pre-order chipmaking equipment to keep its expansion plans on track.

Sponsored Content

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

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