Chinese chip foundry SMIC sees no exodus of customers amid ongoing US restrictions, reports record-high revenue for 2020

1dc6d3cc-6759-11eb-bc00-908c10a5850a_image_hires_150317

BEIJING (SCMP): Semiconductor Manufacturing International Corporation (SMIC), China’s chipmaking champion, said on Friday that it has not seen an exodus of customers amid ongoing US restrictions imposed by former US President Donald Trump and that it was “working hard” with US suppliers to mitigate risks in its supply chain.

“The production capacity is tight around global foundries,” Zhao Haijun, co-CEO of SMIC, said on the company’s fourth-quarter earnings call. “Our customers, like us, can’t really change their suppliers right away.