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SMIC expects over 10% revenue drop in 4Q22

Jerry Yang, Taipei; Jessie Shen, DIGITIMES Asia Friday 11 November 2022 0

Credit: AFP

China-based pure-play foundry Semiconductor Manufacturing International (SMIC) expects to post a revenue decline of 13-15% sequentially in the fourth quarter of 2022, with gross margin ranging from 30% to 32% compared with 38.9% in the prior quarter.

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