By Che Pan and Brenda Goh
BEIJING (Reuters) -China’s semiconductor foundry, Semiconductor Manufacturing International Corporation (SMIC), will closely monitor the impact of tariffs on demand, co-CEO Zhao Haijun said on Friday, adding that visibility for the second quarter was not clear at the moment.
Zhao told analysts in an earnings call that while import tariffs had increased orders from U.S. customers in the past quarter, the overall impact had been modest.
In its financial statement, SMIC projected a revenue decline of up to 6% in the second quarter.
(Reporting by Che Pan and Brenda Goh; Editing by Jacqueline Wong)
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