The trade war has so far had a ‘limited’ impact, even though SMIC relies heavily on equipment and wafers – thin slices of semiconductor material – from American suppliers. Photo: Shutterstock

China’s top chip maker SMIC sees revenue grow as state subsidies surge amid trade war

State subsidies for the semiconductor industry have surged more than 20 per cent from 2017, according to the company’s CFO

Topic |   US-China trade war

TOP PICKS

The trade war has so far had a ‘limited’ impact, even though SMIC relies heavily on equipment and wafers – thin slices of semiconductor material – from American suppliers. Photo: Shutterstock
READ FULL ARTICLE