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

    More interesting to me is in their financial statement linked is that their total capacity has continued to increase even with the decline of orders.

    Pretty much every fab across the world is in the same scenario, more lines have came online in the past year while short term demand has collapsed.