Semiconductor Manufacturing International Corp

00981: XHKG (HKG)

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Chinese Foundries Signal Tougher-Than-Expected Pricing Outlook as Macro and Tariff Risks Mount

Phelix Lee

May 9, 2025

Average selling prices, or ASP, of Hua Hong and Semiconductor Manufacturing International have fallen sequentially in the first quarter of 2025 as demand in anticipation of US tariffs was weaker than expected. Hua Hong shares slumped 9% and SMIC shares plunged 5% on May 9.

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Semiconductor Manufacturing International Corp

Chinese Foundries Signal Tougher-Than-Expected Pricing Outlook as Macro and Tariff Risks Mount

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