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SMIC More Bullish on Overall Operations This Yr; AI Drives Power Mgmt Chip Capacity into Short Supply
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Based on customer demand and order backlog, SMIC (00981.HK) is more bullish about its overall operations this year compared with the previous quarter. Amid changes in the market environment, the company's advantages in technology reserves, diversified platforms and flexible capacity conversion support its ability to secure orders. The company noted that strong demand for supporting chips driven by AI has directly pushed its power management chip capacity into short supply. The overseas siphoning effect of AI has prompted customers in consumer electronics and IoT to seek capacity in Mainland China, resulting in order repatriation. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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