AI DEMAND DRIVES TRIPLE-DIGIT PROFIT GROWTH FOR CHINESE CHIP FOUNDRIES SMIC, HUA HONG
AI DEMAND DRIVES TRIPLE-DIGIT QUARTERLY PROFIT GROWTH FOR CHINESE FOUNDRIES SMIC, HUA HONGCurrent: AI DEMAND DRIVES TRIPLE-DIGIT PROFIT GROWTH FOR CHINESE CHIP FOUNDRIES SMIC, HUA HONG
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| Source | Latest linked headline | Age |
|---|---|---|
| News - South China Morning Post | AI DEMAND DRIVES TRIPLE-DIGIT PROFIT GROWTH FOR CHINESE CHIP FOUNDRIES SMIC, HUA HONG | 1 hr ago |
WHAT HAPPENED
China’s top two contract chipmakers, Semiconductor Manufacturing International Corporation (SMIC) and Hua Hong Grace Semiconductor, saw their profits surge by triple digits in the second quarter, amid a spike in demand… Net profits for SMIC and Hua Hong jumped 261.7 per cent and 385.9 per cent year on year to US$479.2 million and US$38.6 million, respectively, in the June quarter.
News - South China Morning Post reports that china’s top two contract chipmakers, Semiconductor Manufacturing International Corporation (SMIC) and Hua Hong Grace Semiconductor, saw their profits surge by triple digits in the second quarter, amid a spike in demand…
The report adds: Net profits for SMIC and Hua Hong jumped 261.7 per cent and 385.9 per cent year on year to US$479.2 million and US$38.6 million, respectively, in the June quarter.
SMIC, the country’s largest foundry, said...
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