SMIC Q2 revenues up 43% y-o-y

SMIC had Q2 revenues of $1.34 billion –  up 43% y-o-y – for a net profit of $687 million. It forecasts that full year revenues will be  up 30% with a 30% gross margin. SMIC’s revenues came 63% from China and 23% from the USA. “The landscape of the ICT industry has shifted,” says co-CEO ...

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