SMIC’s Q2 revenue rose by 40% year-on-year and 3.3% QoQ, but the company forecast possible flat sequential growth in the third quarter. Despite the revenue gains, its net profit for the quarter ...

First-quarter net profit was $231.10 million, while revenue during the quarter was $1.46 billion, down from $1.84 billion in the year-ago period, SMIC said.

“Following SMIC’s hiring of Chan, the fabrication of certain chips made by TSMC for Broadcom was transferred to SMIC as a result … of Chan’s misuse of trade secret information,” it said.

SMIC was also put on the same list in 2020, as US officials were concerned it could use American technology to aid the Chinese military. SMIC has denied having any relationship with the Chinese ...

China’s SMIC Says It’s Missing Out on the Chip Boom Due to U.S. Restrictions SMIC expects revenue growth to fall to single digits this year after a 17% jump in the last quarter ...

We lift our fair value estimate for Semiconductor Manufacturing International Corporation 00981 by 4% to HKD 15.60 per share after adjusting nonoperating items that resulted in higher 2023 and ...

Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) reported a 34.7% rise in third-quarter revenue on Thursday, missing estimates, and warned investors about the impact of ...

Huawei, SMIC suppliers received billions worth of licenses for U.S. goods By Karen Freifeld and Alexandra Alper October 21, 20218:09 PM PDTUpdated October 21, 2021 ...

SMIC's aggressive investment in 12-inch fabs is also suspicious. Zhao emphasizes that the largest portion of SMIC's capital expenditures will be used to build capacity.

SMIC, China’s biggest chipmaker, says it may be cut off from key US technology, and is warning investors that restrictions on its supply chain could have “material adverse effects” on its ...

SMIC’s Hong Kong-listed shares were down 0.9% to close at 18.96 Hong Kong dollars ($2.50) on Tuesday, their lowest value in more than two months. They’ve lost 4.5% since the US ban was announced.