Urgent.News

600+ sources. One page. See who else covered it.

Editions

Finance & Markets

SMIC reports Q2 revenue up 36% YoY to ~$3B, net profit up 3x+ to ~$479.2M, above ~$283.1M est., and a 25.3% gross margin, driven by strong mature-node orders (Sherry Qin/Wall Street Journal)

The Chinese chip foundry's net profit more than tripled in the second quarter — SMIC, China's biggest chip foundry …

We haven't written up this one. Techmeme has the full story — the link below goes straight to it.

Also reported by 1 other outlet

Read the original at wsj.com →

More in Finance & Markets