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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 (3 children)

Very similar revenue decline compared to TSMC year over year. 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.

[–] [email protected] 1 points 10 months 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.

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