💨 Abstract

China's largest chipmaker, SMIC, predicts an oversupply of mature-node chips in the second half of 2025, due to increased production capacity and declining demand post-pandemic. This forecast contradicts previous optimism about recovery. SMIC's revenue grew by 31.5% in Q4 2021, mainly due to stimulus measures in China boosting sales of consumer electronics.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖