SMIC second-quarter profit declined 19.5% year-on-year
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FILE PHOTO: A logo of Semiconductor Manufacturing International Corporation (SMIC) is seen at the China International Semiconductor Expo (IC China 2020) in Shanghai, China October 14, 2020. REUTERS/Aly Song/File Photo
By Che Pan and Brenda Goh
BEIJING (Reuters) -Semiconductor Manufacturing International Corp ，China's largest contract chip maker, reported on Thursday a 19.5% year-on-year decline in second-quarter profit.
Profit attributable to owners of SMIC reached $132.5 million in the June quarter, missing analysts' estimates of $183.35 million, according to LSEG data.
Revenue rose 16.2% to $2.2 billion, in line with market expectations of $2.2 billion, according to LSEG.
(Reporting by Che Pan and Brenda Goh, Editing by Louise Heavens)
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