A Chinese flag hangs from a pole near the Semiconductor Manufacturing International Corp headquarters in Shanghai. Photo: Bloomberg
A Chinese flag hangs from a pole near the Semiconductor Manufacturing International Corp headquarters in Shanghai. Photo: Bloomberg

China’s top chip maker SMIC beats earnings estimates despite threat of more US sanctions

  • Semiconductor Manufacturing International Corp reported revenue growth of 41.6 per cent for the June quarter
  • Net profits were down 25 per cent from the same period last year, as gross margin rose to 39.4 per cent

A Chinese flag hangs from a pole near the Semiconductor Manufacturing International Corp headquarters in Shanghai. Photo: Bloomberg
A Chinese flag hangs from a pole near the Semiconductor Manufacturing International Corp headquarters in Shanghai. Photo: Bloomberg
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