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China’s biggest chipmaker SMIC warns of ‘fierce’ competition as it misses quarterly profit expectations

by Editor May 10, 2024, 6:07 am 1.6k Views

China's biggest chipmaker SMIC warns of 'fierce' competition as it misses quarterly profit expectations

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 Corporation on Friday warned of intense competition in the chip industry after its first-quarter profit missed expectations.

“Competition in the…

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