China's top chipmaker SMIC says US restrictions hampering growth

Company unable to reap full benefits of pandemic-fueled demand, says co-CEO

20200205 smic earnings

China's top chipmaker Semiconductor Manufacturing International Co. says U.S. export restrictions have deprived it of lucrative growth opportunities and will continue to affect its performance and expansion plans this year.

CHENG TING-FANG and LAULY LI, Nikkei staff writers

TAIPEI -- China's top chipmaker Semiconductor Manufacturing International Co. on Friday said that U.S. export restrictions have cost the company valuable growth opportunities and will continue to impact its financial performance and expansion plans for 2021.

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