SMIC says U.S. tariffs have limited impact as domestic battery demand rises

Published 08/08/2025, 09:58
SMIC says U.S. tariffs have limited impact as domestic battery demand rises

Investing.com -- China’s largest chip maker, Semiconductor Manufacturing International Corp., said U.S. tariffs should continue to have a limited impact on its operations as demand from domestic clients increases sharply and overseas clients are better prepared for potential headwinds.

"At least until around October this year, SMIC’s production capacity will still be in short supply" as the expected hard landing of tariffs didn’t happen, SMIC co-chief executive Zhao Haijun said Friday in a post-earnings call.

The company’s stock fell 8.2% on the Hong Kong exchange following earnings release.

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