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China's largest chipmaker SMIC posts a 80% drop in third-quarter profit (www.cnbc.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 1 year ago (1 children)

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

[–] [email protected] 1 points 1 year ago (1 children)

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

[–] [email protected] 1 points 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?