Sherry Qin / Wall Street Journal:

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

Sherry Qin / Wall Street Journal:

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

Source: TechMeme
Source Link: https://www.techmeme.com/261112/p13#a261112p13