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

submitted 10 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 10 months ago (2 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 10 months 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 10 months 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?