SMIC warns that customers in industries such as smartphones are freezing orders, highlighting that the downturn of consumer electronics demand is affecting the chip industry.
According to Bloomberg, Zhao Haijun, a chief executive officer of SMIC, told analysts on Friday that the demand for smartphones and television component manufacturers has weakened, forcing SMIC to re -adjust its manufacturing plan.He said at the conference call that under some customers postponed new orders, the economic downturn and inventory adjustment caused a "quick -frozen emergency stop".SMIC's stock price in Hong Kong once fell 3.1%.
Investors are worried that after many years of shortage leading to the industry's investment capacity, the chip industry known for its periodic is developing in a long -term downturn.
In addition, when Washington curbs Beijing's technology rise, SMIC is also dealing with the steady export restrictions of the United States.
