SMIC reports record revenue, but faces competition with limited gross margin

Jingyue Hsiao, DIGITIMES Asia, Taipei Friday 8 November 2024 0

Credit: AFP

SMIC, China's largest pure-play semiconductor foundry, recorded US$2 billion in revenue in a single quarter, with its utilization rate surpassing 90%. However, its relatively limited gross margin, trailing behind that of its peers, highlights the intense...

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