SMIC CEO Zhao Haijun expressed concerns about the market outlook in 2025

SMIC CEO Zhao Haijun said in a earnings conference call on February 12, 2024 that the company faces two major concerns for 2025. He expects that there may be inventory backlogs in the first half of the year due to active purchases by customers, while a price war may be triggered in the second half of the year due to reduced orders.