ASML and SMIC Face Decline in Profits Amid China Chip Spat =============== #59f3ec07 ver:0.21
The ongoing trade tensions between China and the West have led to declines in profits for ASML and SMIC, two major players in the semiconductor industry. ASML's net profits and orders dropped in Q1 2024, while SMIC reported a significant decline in net profit and gross margin. These developments highlight the challenges faced by companies in the semiconductor industry as they navigate geopolitical tensions and strive to maintain their positions in the global market. #ASML #SMIC #semiconductor #trade tensions...