SMIC Hits Record Revenue with Strategic Growth

Semiconductor Manufacturing International (HK:0981) has released an update.

Semiconductor Manufacturing International Corporation (SMIC) reported a significant 14% increase in revenue for the third quarter of 2024, reaching a record $2.17 billion. The company’s gross margin also improved to 20.5%, supported by increased production capacity and higher utilization rates. These results demonstrate SMIC’s strong market position and strategic focus as it aims to maintain its growth momentum.

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