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China’s two largest chipmakers post strong earnings results for first quarter, warn of uncertainties ahead

Posted on May 13, 2022May 13, 2022 by

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China's two largest chipmakers posted strong earnings results for the first quarter of the year, mainly driven by price hikes, but warned of uncertainties ahead amid prolonged Covid-19 lockdown measures and geopolitical risks.

Semiconductor Manufacturing International Corporation (SMIC), the country's top chipmaker, reported a revenue of $1.842 billion for the first quarter, an increase of 16.6% from the previous quarter and jumping 66.9% from the same period last year . . .

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