Katrina Hamlin / Reuters:

SMIC's gross margins halved in H1 2023, as it poured $345M, or 11.4% of revenue, into research and development; SMIC reported $111M in state grants in H1 2023  —  Huawei's new phone demonstrates China can produce cutting-edge hardware despite U.S. restrictions.

Katrina Hamlin / Reuters:

SMIC's gross margins halved in H1 2023, as it poured $345M, or 11.4% of revenue, into research and development; SMIC reported $111M in state grants in H1 2023  —  Huawei's new phone demonstrates China can produce cutting-edge hardware despite U.S. restrictions.

Source: TechMeme
Source Link: http://www.techmeme.com/230918/p35#a230918p35