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SMIC reports Q3 revenue up 34% YoY to ~$3.19B, net profit up 123% to ~$428.4M, above ~$396.8M est., and a gross margin of 29.9%, above its 26% to 28% guidance (Sherry Qin/Wall Street Journal)

Gross margin reached 29.9% in the third quarter — SMIC, China's largest contract chip manufacturer, more than doubled profit …

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

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