SMIC Anticipates High Demand Challenges in 4Q25, Mitigates Tariff Effects with Client Readiness

SMIC has raised concerns about a decline in chip shipments slated for the fourth quarter of 2025, attributing this to seasonal factors and an accumulation of inventory by customers. Despite the reduced visibility in forecasts, SMIC remains confident that potential US-imposed tariffs will have minimal effects on its operations. The expectation of only a minor impact suggests a resilience in their business strategy and market positioning.