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in Tech

SMIC posted a drop in second-quarter revenue on persisting weak chip demand

by Editor August 11, 2023, 12:14 am 1.7k Views

SMIC posted a drop in second-quarter revenue on persisting weak chip demand

BEIJING, CHINA – DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images)

Vcg | Visual China Group | Getty Images

Semiconductor Manufacturing International Corp. posted on Thursday a drop in second-quarter revenue against a backdrop of ongoing U.S. sanctions and a sluggish recovery in global chip…

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