Semiconductor Manufacturing International (SMIC) reported its 12th straight losing quarter on Tuesday, despite a dramatic rebound in the global chip industry.
China’s largest chip maker said the contract chip manufacturing business was solid in the first quarter and that an uptrend in the industry has continued in the second quarter.
Still, the company reported a wider loss than the same time last year. China’s chip makers have struggled not only due to the global recession but because incumbents in the contract chip-making business have vigorously defended their turf.


