Aug 12, 2022 08:21 PM

Tech Insider: Sanctioned SMIC Beats Estimates, BYD Heads to Thailand

Photo: VCG

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

SMIC slumps less than predicted in second quarter

Semiconductor Manufacturing International Corp. (SMIC) posted a second-quarter drop in net income of 25.2% from the previous year, reflecting the impact of U.S. export restrictions and its subsequent R&D drive.

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