China's SMIC says AI 'spillover effects' boosting peripheral chip prices

Prices will not be lowered for other sectors despite weak smartphone, auto markets

China's SMIC says the AI investment boom is pushing up demand for a large number of peripheral chips.  © Reuters

TAIPEI — Semiconductor Manufacturing International Corp., China's top contract chipmaker, says the artificial intelligence boom is driving massive demand for peripheral AI chips, and that there is "no chance" the company will lower its prices despite weaknesses in the smartphone and automotive markets.

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