TAIPEI -- Geopolitical tensions and weak demand have left the global chip industry facing an "unprecedentedly severe" situation, China's chipmaking giant Semiconductor Manufacturing International Corp. said on Friday.
Semiconductors
China chipmaker SMIC sticks to expansion plans amid downturn
Industry facing 'severe' situation due to politics and weak demand, co-CEO says
SMIC's lackluster October-December performance included revenue falling 15%, gross margin dropping to 32% and net income declining 18.1% on the quarter.
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