SMIC shows first quarterly revenue fall in three years

By

Chip glut bites

SMIC shows first quarterly revenue fall in three years
Chinese chip maker Semiconductor Manufacturing International Corp (SMIC) reported its first quarterly drop in revenue in more than three years, as the global chip sector struggles to work through an inventory glut. Revenue in the January-March quarter was US$1.46 billion ($2.2 billion), down ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
chiphardwaresmic

Sponsored Whitepapers

Futureproof Your Business with Datacom and AMD: Seamless Windows 11 Transition
Futureproof Your Business with Datacom and AMD: Seamless Windows 11 Transition
See everything. Do more.
See everything. Do more.
Lindentech Secures Digital Identity with Zero Trust and Microsoft Entra
Lindentech Secures Digital Identity with Zero Trust and Microsoft Entra
Diamond IT Delivers GRC Transformation with Microsoft Purview
Diamond IT Delivers GRC Transformation with Microsoft Purview
Linktech Powers Energy Trader’s Essential Eight Compliance in Just Eight Weeks
Linktech Powers Energy Trader’s Essential Eight Compliance in Just Eight Weeks

Events

Most Read Articles

IBM aims for quantum computer in 2029

IBM aims for quantum computer in 2029
US says Huawei can't make more than 200,000 AI chips in 2025

US says Huawei can't make more than 200,000 AI chips in 2025
TfNSW extends deal for mobile phone detection cameras

TfNSW extends deal for mobile phone detection cameras
Porn industry standardises on HD-DVD

Porn industry standardises on HD-DVD
techpartner.news logo
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
"It's an exciting time to be part of the health and aged care sector"
"It's an exciting time to be part of the health and aged care sector"
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Orro claims Australia first with managed digital asset discovery service
Orro claims Australia first with managed digital asset discovery service

Log In

  |  Forgot your password?