tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

SMIC Hits Record Revenue with Strategic Growth

SMIC Hits Record Revenue with Strategic Growth

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

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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.

For further insights into HK:0981 stock, check out TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1