FAST NEWS: SMIC forecasts continued gross margin decline
The Latest: Semiconductor Manufacturing International Corp. (SMIC)(0981.HK; 688981.SH) on Thursday reported a 68.9% year-on-year drop in its third-quarter profit to $71.79 million, as its gross margin plunged by 7.1 percentage points to 13.7%.…
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Weak electronics demand squeezes SMIC margins
China’s leading semiconductor manufacturer faces continued earnings pressure as the U.S. tightens sanctions and global demand for consumer electronics falters Key Takeaways: SMIC expects third-quarter revenue to grow 3% to…
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With No Chips to Play Against U.S. Sanctions, SMIC’s Margins Tumble
China’s leading semiconductor firm reported disappointing fourth-quarter results and warned its revenue will fall this year as it suffers under the weight of U.S. sanctionsKey Takeaways:SMIC reported sequential revenue and…
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FAST NEWS: SMIC forecasts continued gross margin decline
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Weak electronics demand squeezes SMIC margins
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