SMIC reports Q3 revenue up 34% YoY to ~$2.17B, vs $2.2B est., and net income up 58.3% YoY to ~$148.8M, below $199.71M est., as the chip sector recovers (Reuters)

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Reuters:
SMIC reports Q3 revenue up 34% YoY to ~$2.17B, vs $2.2B est., and net income up 58.3% YoY to ~$148.8M, below $199.71M est., as the chip sector recovers — China's largest chipmaker Semiconductor Manufacturing International Corp (0981.HK) reported its net profit increased 58.3% for the third quarter of 2024.

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