TREE NEWS reports: Semiconductor Manufacturing International Corp. co-CEO Zhao Haijun said smartphone and consumer electronics demand remained weak in the third quarter, with wafer revenue from those segments falling 8% and 1% quarter on quarter. Revenue from computing and tablets, industrial and automotive, and interconnect and wearables rose 26%, 26% and 18% respectively, helped by supply-chain localization and the company’s platform deployment, he said at the company’s third-quarter results briefing.
SMIC co-CEO: Smartphone and consumer electronics demand remains weak
AI take
The split in SMIC's end markets is the real signal: weakness in smartphones and consumer electronics is being offset by strength in computing, industrial/automotive and wearables, with localization and platform deployment cited as the drivers. That mix shift matters for anyone tracking where semiconductor demand is actually coming from, rather than treating the sector as a single cycle. The open question is whether the consumer-facing weakness is a temporary inventory story or a broader demand problem, and whether the localization tailwind behind the stronger segments persists.
Generated by AI for reference only.
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