SMIC second-quarter profit declined 19.5% year-on-year
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/12/2026
- Nasdaq falls ahead of earnings, economic data while oil rallies
- Oil prices rise on Saudi Arabia attacks, overshadowing Trump's diesel deal
- Will surging equity supply derail the U.S. bull market? Goldman Sachs weighs in
- Broadcom CEO says many AI investors are gamblers
- "Not buying Chipotle": Starbucks squashes blockbuster acquisition speculation
Tweet
Share
E-mail
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)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- North Korea test-fires tactical ballistic missile, KCNA says
- Fed's Hammack backs restrictive policy, says better if it comes 'relatively quickly'
- Austria says Ukrainian journalist's arrest on suspicion of spying was unrelated to his job
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
