China's SMIC posts another loss as chip shipments drop

30.04.2009

Recovering demand from China and from customers out of inventory have started boosting orders, SMIC said. The firm predicted revenue would rise by about 60 percent in the second quarter.

SMIC's business will recover fastest in communications rather than consumer products or PCs, Chang said. The firm expects a rise in chip orders this year as China rolls out a mobile network based on the domestically developed standard TD-SCDMA (Time Division Synchronous Code Division Multiple Access).