Sherry Qin / Wall Street Journal:

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

Sherry Qin / Wall Street Journal:

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

Source: TechMeme
Source Link: https://www.techmeme.com/260813/p22#a260813p22