SMIC's gross margin declines hard due to cost of supporting Huawei

Monica Chen, Taipei; Jack Wu, DIGITIMES Asia 0

Credit: SMIC

SMIC released its first-quarter financial report for 2024, with revenue performance showing a year-on-year increase of 19.7% to $1.75 billion, slightly better than market expectations and comparable to UMC. It also indicated continuous growth in shipment...

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