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SMIC unable to keep up with demand amid shortage and sanctions

The Chinese semiconductor manufacturer, even with plants running

evertiq.com, Feb. 16, 2021 – 

Even with the SMIC's plants running at full capacity for several quarters, the company struggles to meet the demand, Zhao Haijun, co-CEO of China's largest chipmaker, said during a conference call after its latest quarterly results, according to a Reuters reports.

According to the co-CEO, external sanctions will continue to affect the company's revenue growth. In the last quarter of 2020, the Chinese semiconductor manufacturer reported sales of USD 981 million, which is an increase of 16,9% from 2019. However, SMIC is now expecting its revenues to increase in the "mid-to-high" single digits in 2021.

Zhao reportedly said that without these influences, the company would be able to maintain the growth momentum from last year.

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