Tag: Restock

Chinese chip maker SMIC says revenue up 20% as clients restock

By Liam Mo and Brenda Goh BEIJING (Reuters) -China’s largest contract chipmaker SMIC reported a first-quarter revenue rise of 19.7% on Thursday, as its global customers rebuilt their inventories. SMIC said in a statement that its revenue rose to $1.75 billion for the three months through March, topping the $1.69 billion forecast by analysts polled […]