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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. https://t.co/h4bF0TFASU
global chip sales growth, 1984-2025E: "we think a broadening of the technology end market recovery beyond AI servers to other major computing segments like traditional servers, PCs and smartphones could drive upside to our projection of about 11% growth in 2025" https://t.co/33iUAAQa5H
Tokyo Electron eyes 20% sales boost as AI lifts demand for chips https://t.co/XfidimhhKa
Semiconductor Manufacturing International Corp. (SMIC) reported a 4.3% year-on-year increase in Q1 revenue to $1.75 billion, surpassing the estimated $1.69 billion. However, the company's net income of $71.8 million fell short of the expected $76.8 million due to weak consumer sentiment in China. SMIC highlighted a growing price war in the domestic market for less advanced chips and a global oversupply as new plants start production.