(Reuters) - SHANGHAI/SAN FRANCISCO, July 27 - China's biggest
chip maker, Semiconductor Manufacturing International Corp.
, swung to a second-quarter loss on weak computer chip
prices and gave a lacklustre sales forecast for the current
quarter, pushing its shares lower.
Shanghai-based SMIC, citing pricing pressure in the DRAM
memory chip market, said on Friday it expected third-quarter
revenue to increase by 2 to 5 percent from the second quarter's
$374.8 million, which was up 3.7 percent from a year ago.
Read more at Reuters.com Market News
chip maker, Semiconductor Manufacturing International Corp.
, swung to a second-quarter loss on weak computer chip
prices and gave a lacklustre sales forecast for the current
quarter, pushing its shares lower.
Shanghai-based SMIC, citing pricing pressure in the DRAM
memory chip market, said on Friday it expected third-quarter
revenue to increase by 2 to 5 percent from the second quarter's
$374.8 million, which was up 3.7 percent from a year ago.
Read more at Reuters.com Market News
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