China’s SMIC says Trump tariffs did not cause expected ‘hard landing’
BEIJING: China’s top foundry SMIC said on Friday U.S. tariff policy had not led to a “hard landing” the company had initially feared and strong domestic demand would keep its production capacity tight until October.
Co-CEO Zhao Haijun told a post-earnings call the company was not consulting with customers on U.S. President Donald Trump’s 100% tariff plan for chip imports but expected smaller impact, thanks to contingency plans made after the April tariffs.
