Sherry Qin / Wall Street Journal:
SMIC reports Q2 revenue up 36% YoY to ~$3B, net profit up 3x+ to ~$479.2M, above ~$283.1M est., and a 25.3% gross margin, driven by strong mature-node orders — The Chinese chip foundry's net profit more than tripled in the second quarter — SMIC, China's biggest chip foundry …
