SMIC delivered its 17th consecutive quarter of profitability on Thursday, with the firm’s capacity utilisation rate also reaching 98 per cent in the period. Photo: SMIC

Chip foundry SMIC blows past market estimates with record US$690m Q2 revenue

Net profit for the three months also rises 27pc to US$97.6 million, the company’s 17th consecutive quarter of profitability

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SMIC delivered its 17th consecutive quarter of profitability on Thursday, with the firm’s capacity utilisation rate also reaching 98 per cent in the period. Photo: SMIC
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