China's SMIC predicts fiercer price war for less advanced chips

Demand for second half of 2024 still 'uncertain,' top Chinese chipmaker says

20240510 smic

SMIC is a vital player in China's efforts to build up a domestic chip supply chain in the face of U.S. restrictions. © Reuters

CHENG TING-FANG and LAULY LI, Nikkei Asia tech correspondents

TAIPEI -- China's top chipmaker SMIC warned of an increasingly fierce price war in the domestic market for less advanced chips as well as oversupply globally as numerous new plants begin production in the coming months.

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