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Falling demand and US sanctions leave marks on SMIC's earnings report

Misha Lu, DIGITIMES Asia, Taipei 0

Credit: DIGITIMES

Semiconductor Manufacturing International Corp. (SMIC) has posted its earnings report for 2Q22, showing a 41.6% YoY revenue growth reaching US$1.9 billion. Gross profit was US$750 million, an 85.3% YoY growth from $405 million in Q2 2021. Gross margin...

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