China’s major chip foundries saw revenue and profit drop in the second quarter amid geopolitical uncertainties and weakening demand, but industry experts said they expect a recovery in the second half on the back of demand from the smartphone sector.
[Photo/Agencies] China’s major chip foundries saw revenue and profit drop in the second quarter amid geopolitical uncertainties and weakening demand, but industry experts said they expect a recovery in the second half on the back of demand from the smartphone sector. Hua Hong Semiconductor, another major chip foundry, reported a 1.7 percent year-on-year increase in revenue to $631 million in the second quarter.
