CHINESE CHIP-TOOL MAKER AMEC SAYS FIRST-HALF PROFIT TO NEARLY QUADRUPLE AMID SOARING DEMAND

Advanced Micro-Fabrication Equipment China (AMEC), the country’s top chip-tool maker, says its preliminary profit will nearly quadruple in the first half of the year as robust demand for home-grown semiconductors… Based on unaudited figures, the company said its income between January and June was at least 2.7 billion yuan (US$400 million), representing a year-on-year growth of 282 per cent, according to a filing to the Shanghai…

News - South China Morning Post reports that advanced Micro-Fabrication Equipment China (AMEC), the country’s top chip-tool maker, says its preliminary profit will nearly quadruple in the first half of the year as robust demand for home-grown semiconductors…

The report adds: Based on unaudited figures, the company said its income between January and June was at least 2.7 billion yuan (US$400 million), representing a year-on-year growth of 282 per cent, according to a filing to the Shanghai…

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