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SMIC 3Q23 operating income falls 81% but persists with ambitious capex plan

Amanda Liang, Taipei; Jingyue Hsiao, DIGITIMES Asia 0

Credit: AFP

China-based SMIC reported a worsened performance across the board in its quarterly results, signaling a recovery that may come later in the semiconductor industry. SMIC's capital expenditure expansion plan amid macroeconomic headwinds is worth noting...

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