BEIJING -- Major Chinese foundry Hua Hong Semiconductor logged a $58 million net profit for 2024, a 79% plunge from a year earlier, weighed down by weaker prices as well as higher depreciation costs.
Shanghai company commits to investment to lift capacity

An exhibition booth showcases the Huahong group's innovations. (Photo by Shunsuke Tabeta)
BEIJING -- Major Chinese foundry Hua Hong Semiconductor logged a $58 million net profit for 2024, a 79% plunge from a year earlier, weighed down by weaker prices as well as higher depreciation costs.