SMIC’s third quarter capacity utilisation rate dropped to 92.1 per cent, down 5 percentage points from the previous quarter. Photo: Costfoto/Barcroft Media via Getty Images
SMIC’s third quarter capacity utilisation rate dropped to 92.1 per cent, down 5 percentage points from the previous quarter. Photo: Costfoto/Barcroft Media via Getty Images

China’s top chip maker SMIC sees weak demand extending into 2023 but remains committed to capacity expansion

  • In the third quarter, smartphones accounted for 26 per cent of wafer revenues, while consumer electronics contributed 23.3 per cent
  • SMIC’s third quarter capacity utilisation rate dropped to 92.1 per cent, down 5 percentage points from the previous quarter

SMIC’s third quarter capacity utilisation rate dropped to 92.1 per cent, down 5 percentage points from the previous quarter. Photo: Costfoto/Barcroft Media via Getty Images
SMIC’s third quarter capacity utilisation rate dropped to 92.1 per cent, down 5 percentage points from the previous quarter. Photo: Costfoto/Barcroft Media via Getty Images
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