News Snapshot:
Chinese chipmaker SMIC has seen revenue grow on strong demand and rising prices. © Getty Images CHENG TING-FANG and LAULY LI, Nikkei staff writer May 14, 2021 12:26 JST | China Copy Copied TAIPEI -- China's top contract chipmaker Semiconductor Manufacturing International Co. on Friday said its second-quarter revenue could jump as much as 40% on the year despite continuing uncertainty stemming from U.S. sanctions on the company. SMIC forecast revenue of between $1.29 billion to $1.31 billion for the April-June period, 19% higher at the top end of guidance from the previous quarter, and 40% higher year-on-year, mainly due...
