China’s largest chip maker said the U.S. tariffs should continue to have a limited impact as demand from domestic clients is increasing sharply and overseas clients are better prepared for the headwinds.

China accounted for 84.1 per cent of SMIC’s sales in the second quarter, compared with 12.9 per cent from the Americas.

By Che Pan and Joe Cash BEIJING (Reuters) -China's top foundry SMIC said on Friday U.S. tariff policy had not led to a "hard landing" the company had initially feared and strong domestic demand would keep its production capacity tight until October.