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Semiconductors

SMIC says China's localization push is boosting chip demand

Top chipmaker's revenue grows 22% in April-June but profit sinks amid price battle

SMIC is China's leading maker of semiconductors.    © Getty Images

TAIPEI -- China's top chipmaker says the country's push to localize semiconductor supplies has boosted orders and improved pricing in recent months and will continue to provide a tailwind for the company for the rest of the year.

Semiconductor Manufacturing International Co. (SMIC) said geopolitical uncertainties were fueling the rush to onshore production.

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