SMIC Reports 123 Percent Q3 Profit Jump
Semiconductor Manufacturing International Corp reported a 123.4 percent jump in third-quarter profit, beating analyst estimates. Net profit reached $428.4 million as revenue rose 33.9 percent to $3.19 billion.
Semiconductor Manufacturing International Corp reported a 123.4% jump in third-quarter net profit to $428.4 million on Thursday afternoon, beating LSEG analyst expectations of $418.4 million. The surge underscores robust domestic demand for foundry services in China. Investors are weighing the margin expansion against shifting geographical revenue splits.
