China's SMIC says Trump tariffs did not cause expected 'hard landing'-June 2024-www.financetom.com

China's SMIC says Trump tariffs did not cause expected 'hard landing'

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China's SMIC says Trump tariffs did not cause expected 'hard landing'

Aug 7, 2025 6:39 PM

BEIJING, Aug 8 (Reuters) - Semiconductor Manufacturing

International Corp (SMIC) co-CEO Zhao Haijun said U.S. President

Donald Trump's tariff policy had not resulted in the "hard

landing" that China's top foundry was initially worried about,

during an earnings call on Friday.

Despite forecasting a slowdown in rush orders and pulled-in

shipments in the fourth quarter, Zhao said that production

capacity remains insufficient and would remain tight until

October.

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