SMIC sees minimal impact from Japan quake

SHANGHAI, CHINA: SMIC, China's largest contract chipmaker sees minimal impact for now after a massive earthquake in Japan, its chief executive David Wang said on Tuesday.

"We have enough inventory so we don't have a problem now," said Wang.

The situation in Japan remains fluid and SMIC will monitor the situation closely, he added.

SMIC posted last month, fourth-quarter earnings per share of $0.13, against revenue of $411.8 million.