China's largest chipmaker SMIC on Friday posted a 80% profit drop as global demand weakness hit foundries hard.
  • kongweeneverdie@alien.topBEnglish
    1·
    1 year ago

    It also means they doesn’t produce any chips for Huawei. Huawei get new AI orders from Alibaba and Tencent recently.

    • lan69@alien.topBEnglish
      1·
      1 year ago

      If you looked at their financial statements their caped has increased, which makes sense their revenue has dropped. They’re putting their money into new capacity

      • pendelhaven@alien.topBEnglish
        1·
        1 year ago

        What has capex got to do with revenue though? Revenue is how much you sold, capex is how much you invested into infra. They are not related right?