Future Tech
SMIC reports 35% rise in Q3 revenue, lifts capital expenditure plan
SHANGHAI - Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) saw revenue rise 34.7% year-on-year to $1.91 billion in the third quarter, according to a market filing published on Thursday.
Gross profit was $742.2 million, up 58.6% year-on-year, and the company revised its capital expenditure plan for the year from $5 billion to $6.6 billion.
It added that it expects revenue for the full year 2022 to be around $7.3 billion, a 34% year-on-year increase.
- Reuters
More articles on Future Tech
US to ban Chinese software in self-driving cars amid national security fears
Created by Tan KW | Aug 06, 2024
Billion-dollar bust as international op shutters Cryptonator wallet
Created by Tan KW | Aug 06, 2024
‘Little sister copies big sister’: Social reacts to Chinese gymnast’s cute Olympics moment
Created by Tan KW | Aug 06, 2024
Japan stops measuring train crowding by ease of newspaper readership
Created by Tan KW | Aug 06, 2024
Mobile Guardian attacked, leading to remote wiping of 13,000 devices
Created by Tan KW | Aug 06, 2024
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
2
3
Genetec - A baby step
4
Genetec - A baby step
5
8
Good Articles to Share
China stocks buck global sell-off as services activity rises; Hong Kong slips
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
