By 
SMIC’s 14nm chip yield has reached industry production level.
Future Publishing | Getty Images
China’s biggest chipmaker SMIC posted record revenue in 2022, despite ongoing U.S. sanctions, but warned of a more difficult year ahead given a slump in the semiconductor industry.
SMIC said on Thursday that 2022 revenue totaled $7.2 billion, up 34% year-on-year while its gross margin stood at a record 38%. That’s the second year of sales growth above 30% for the company.
However, SMIC said revenue in the first quarter is forecast to decrease by between 10% to 12% versus the December quarter.
“Looking forward to 2023, in the first half of the year, the industry cycle is still at the bottom, the…
Source cnbc.com
