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May 10, 2024, 4:06 AM
May 9, 2024, 12:52 PM
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China's biggest chipmaker SMIC warns of 'fierce' competition as it misses quarterly profit expectations

Semiconductor Manufacturing International Corporation Chinese state-owned semiconductor manufacturer
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China's biggest chipmaker SMIC warns of 'fierce' competition as it misses quarterly profit expectations

Net income in the first quarter plunged 68.9% from a year ago to $71.79 million.

Bloomberg
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SMIC Profit Misses Estimates on Weak Chinese Consumer Sentiment

Semiconductor Manufacturing International Corp. posted weaker-than-expected quarterly profit due to sluggish macroeconomic conditions in China.

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