China鈥檚 top chipmaker SMIC reported a decline in second-quarter profits on Thursday as聽tensions between Beijing and Washington over critical technologies threaten a fragile trade truce.
China has sought to increase its self-reliance in the field of semiconductors, which are used in everything from televisions and cars to weapons and supercomputers.
The United States has moved to deny Chinese firms access to its advanced technology and tightened curbs on exports of state-of-the-art chips and the equipment to make them.
Those restrictions have targeted Semiconductor Manufacturing International Corporation (SMIC), which is listed in Hong Kong and in its home city Shanghai.
SMIC reported in a filing to the Hong Kong Stock Exchange that second-quarter profit attributable to owners stood at $132 million, down 19.5 per cent compared to the equivalent period last year.
