China's biggest chipmaker SMIC posts record 2022 revenue but warns of a tough year ahead
Publishing timestamp: 2023-02-10 09:30:53
Summary
SMIC, China's biggest chipmaker, posted record revenue in 2022 despite US sanctions. However, the company warned of a difficult year ahead due to a slump in the semiconductor industry. SMIC is one of China's most important chip companies and has been investing aggressively to expand capacity in China.
Sentiment: NEUTRAL
Keywords: business news, politics, enterprise, internet, china, semiconductor manufacturing international corp, earnings, united states,
Source: https://www.cnbc.com/2023/02/10/chinas-biggest-chipmaker-smic-posts-record-2022-revenue.html