SMIC's profit is not expected, reflecting the influence of US sanctions on it and the decline in global electronic equipment consumption.NotBloomberg reported that SMIC, as the largest chip manufacturer in mainland China on Thursday (November 10), announced in the evening of the third quarter, and its net profit in the third quarter was 470.8 million (USD, the same below, about S $ 651 million)The market expected average is 489.7 billion.The revenue of 1.91 billion is also lower than the expected value of 1.93 billion.NotAs the market slowed down, US sanctions made SMICs from getting key technologies, and the above performance highlighted sanctions on SMIC.NotAccording to analysis, the U.S. government has formulated the most comprehensive restrictions so far in October, in order to target China's technology ambitions. In the long run, these measures will impact more Chinese technology companies.NotAs consumers cut their expenses in response to the possible economic downturn, the sales volume of various types of electronic products from smartphones to computers is gradually decreasing.NotXin International stated in the financial report that in the fourth quarter, due to the weak demand in the mobile phone and consumption field, some customers need to buffer time to interpret the impact of the new rules of US export control, and operating income is expected to decrease by 13%to 15%month -on -month.NotIn comparison, some industry -leading companies perform better.The most leading chip manufacturer TSMC announced on Thursday that its October revenue increased by 56%year -on -year.NotIn the close of Thursday, SMIC has fallen by more than 10%since this year, and has fallen by more than 20%in the Shanghai Stock Exchange.NotWith the United States attempting to target Chinese technological progress, SMIC is essential to the production capacity of mainland China.Worried that Chinese companies will not be able to obtain key parts, Beijing may be willing to provide subsidies for losses of mainland companies such as SMIC.
