Summary: China’s SMIC reported that US tariff policy has had a smaller impact than expected, with strong domestic demand keeping production capacity tight until October. Despite a 19.5% decline in profit, SMIC’s second-quarter revenue rose 16.2% year-over-year, driven by robust demand for analog, WiFi, ethernet, and memory controller chips.

Link: https://www.channelnewsasia.com/business/chinas-smic-says-trump-tariffs-did-not-cause-expected-hard-landing-5284326