58
China’s top semiconductor firms, especially those listed on the Nasdaq-style Shanghai STAR Market, posted record profits and revenue for the first half. Benefiting from surging demand the chip industry used in smartphones, computers, cloud computing and industries like automaking.
Even the novel coronavirus pandemic hasn’t knocked China’s integrated circuit industry off its rising trajectory.
In the first six months, domestic industry-wide revenue hit 353.9 billion yuan (US$50.5 billion), a 16 percent gain from a year earlier, according to the China Semiconductor Industry Association.
