Chipmaker SMIC posts 45% profit slump in 2024 amid US-China trade tensions
- Posted on February 11, 2025
- By South China Morning Post
- 1 Views
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Chipmaker SMIC posts 45% profit slump in 2024 amid US-China trade tensions
![](https://cdn.i-scmp.com/sites/default/files/styles/og_image_scmp_generic/public/d8/images/canvas/2025/02/11/4bc198d4-d72d-4987-b1cc-eb33fdbd5f86_1ee76693.jpg?itok=dTCiMk9u&v=1739281377)
China’s top semiconductor manufacturer saw its annual profit last year hit US$492.7 million, down from US$902.5 million in 2023.