SMIC is targeting mid to high single digit annual revenue growth amid muted demand in the domestic smartphone market this year. Photo: SCMP handout

Chip maker SMIC lowers 2017 revenue growth target

Mainland China’s largest contract chip manufacturer is hit by weak China smartphone demand and customer transition to new production technology process

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SMIC is targeting mid to high single digit annual revenue growth amid muted demand in the domestic smartphone market this year. Photo: SCMP handout
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