China's SMIC says Trump tariffs did not cause expected 'hard landing'
Briana Lupea
BEIJING: China's top foundry SMIC said on Friday (Aug 8) US tariff policy had not led to a "hard landing" the company had initially feared and strong domestic demand would keep its production capacity tight until October. Co-CEO Zhao Haijun told a post-earnings call the company was not consulting with customers on US President Donald Trump's 100 per cent tariff plan for chip imports but expected smaller impact, thanks to contingency plans made after the April tariffs. "After these past few
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