China’s SMIC warns of weak Q2 amid trade uncertainty, projects revenue decline

China’s semiconductor foundry, Semiconductor Manufacturing International Corporation (SMIC), will closely monitor the impact of tariffs on demand

• warned of uncertain demand and trade-related risks
• projecting a potential Q2 revenue decline of up to 6%

While U.S. tariffs provided a modest lift in orders, Co-CEO Zhao Haijun noted the overall effect was limited. The company remains vulnerable to U.S.-China trade tensions and global supply chain shifts, with demand visibility for the current quarter still unclear. Investors are watching for broader implications for China’s semiconductor sector.

Info comes via Reuters.

This article was written by Eamonn Sheridan at www.forexlive.com.