SMIC co-CEO Zhao Haijun said in an earnings call on Friday that an expected strong rebound in the semiconductor market had not yet arrived, and that the market has yet to bottom out. However, he noted that high inventories in China had returned to healthier levels.
Huawei: Its Mate 60 Pro phone, in particular, grabbed global attention after its launch in August as it was found to be using a domestically made advanced chip that for more analysts and users symbolized how the company had overcome U.S. sanctions.