China's chip giant SMIC reports profit drop in second quarter
Saturday, 9 August 2025 () Beijing (AFP) Aug 7, 2025
China's top chipmaker SMIC reported a decline in second-quarter profits on Thursday as tensions between Beijing and Washington over critical technologies threaten a fragile trade truce. China has sought to increase its self-reliance in the field of semiconductors, which are used in everything from televisions and cars to weapons and supercomputers. The United States has moved to deny Chi
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