Lates News

Zhao Haijun, Joint CEO of SMIC, stated that previously the market was expecting significant growth in smartphones and computers, but in May this year the company saw that the total shipment volume of smartphones is expected to be revised. It is possible that in Q3, customer inventory targets may be adjusted downwards; PC product sales are stable but lack significant growth, downstream inventory situation is almost complete; panels including TVs and tablets are oversupplied. These factors have led to downward pressure on prices in the contract manufacturing industry. SMIC will support customers to face market price competition but will not actively lower prices to gain a larger market share.