Chinese chip manufacturer SMIC is seeking to consolidate its presence in the domestic industry by buying entities that it controls. SMIC is China's largest chip manufacturer, as the firm is the leading-edge chip fabrication company in the country. According to a statement last week, SMIC outlined that it would completely acquire the Semiconductor Manufacturing North China (Beijing) Corporation (SMNC) even as its profitability struggles amidst Beijing's push to boost its domestic chip production as it contends with US sanctions. SMIC Struggles To Achieve Profitability But Continues Expenditure As Planned SMIC's announcement comes a quarter after the firm outlined in May […]
Read full article at wccftech.com/chinese-chip-giant-smic-likely-to-spend-millions-to-expand-production-fight-us-sanctions-despite-55-q2-profit-drop/
Hence then, the article about chinese chip giant smic likely to spend millions to expand production fight us sanctions despite 55 q2 profit drop was published today ( ) and is available on Wccf tech ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Chinese Chip Giant SMIC Likely To Spend Millions To Expand Production & Fight US Sanctions Despite ~55% Q2 Profit Drop )
Also on site :
- "Microsoft wants a turnaround and is worried about losing Xbox" - Insider report paints a different picture of Phil Spencer's retirement and Sarah Bond's sudden departure
- Galaxy S26 Ultra Isn’t Just Sticking To The Same 5,000mAh Battery As The Galaxy S25 Ultra, But It’s Downgrading It In A Way That Will Compromise Its Longevity
- The Apple Color That Keeps On Giving: iPhone 17 Pro Max Sales Surge Past 10 Million Units In China