TAIPEI/HONG KONG -- China's top chipmaker Semiconductor Manufacturing International Co. confirmed on Thursday that it is cutting capital expenditure for the year by nearly 12% due to stricter U.S. export controls, despite logging robust third quarter earnings.
SMIC Chairman Zhou Zixue said "there are indeed impacts because of the U.S. export control regulations," though he stressed that they are manageable and that the company is communicating with Washington over the issue.
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