{"id":843495,"date":"2024-08-12T10:41:44","date_gmt":"2024-08-12T05:11:44","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=843495"},"modified":"2024-08-12T11:11:27","modified_gmt":"2024-08-12T05:41:27","slug":"chinas-smic-vows-to-avoid-chip-price-war-beats-estimates-on-earnings-2","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/12\/chinas-smic-vows-to-avoid-chip-price-war-beats-estimates-on-earnings-2\/","title":{"rendered":"China&#8217;s SMIC vows to avoid chip price war, beats estimates on earnings"},"content":{"rendered":"<p>BEIJING: China&#8217;s Semiconductor Manufacturing International Corp said on Friday it will steer clear of a price war in the industry, and forecast current quarter sequential revenue growth of up to 15%.<\/p>\n<p>Co-CEO Zhao Haijun, who had warned about the price war in May, said: &#8220;We have indeed encountered a situation where some of our peers with excess capacity are using low prices to attract customers.<\/p>\n<p>&#8220;SMIC will not take the initiative to cut prices,&#8221; Zhao added in an earnings conference call on Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING: China&#8217;s Semiconductor Manufacturing International Corp said on Friday it will steer clear of a price war in the industry, and forecast current quarter sequential revenue growth of up to 15%. Co-CEO Zhao Haijun, who had warned about the price war in May, said: &#8220;We have indeed encountered a situation where some of our peers with excess capacity are using low prices to attract customers. &#8220;SMIC will not take the initiative to cut prices,&#8221; Zhao added in an earnings conference call on Friday.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-843495","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/843495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=843495"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/843495\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=843495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=843495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=843495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}