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China’s SMIC says AI “spillover effects” boosting peripheral chip prices
Prices will not be cut in other sectors despite weakness in smartphone and automotive markets.
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SMIC
The nation’s rapid expansion in older semiconductors is driving down prices.
SMIC co-CEO Zhao Haijun says all chipmakers will benefit from massive AI adoption.
Expansion plans raise fears of another boom-to-bust cycle within the industry.
A global chip shortage and growing appetite for chips in China have pushed SMIC’s business performance to new heights.
Operational continuity is not significantly adversely affected by the US restrictions, the company says.
MSCI is removing SMIC from its Global Investable Market Indexes.
SMIC’s FinFET N+1 process saw a breakthrough in the reported quarter, with revenue for the foundry reaching USD 1.1 billion.