Future Tech
SMIC reports 48.3% fall in Q1 net profit
SHANGHAI - Chinese chip maker Semiconductor Manufacturing International Corp (SMIC) on Thursday reported revenue of $1.46 billion, in line with estimates and down 20.6% from the same period one year ago.
Net Income hit $231.1 million, down 48.3% from the same period the year before and beating estimates of $174.5 million.
- Reuters
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