Chinese chipmaker SMIC reports Q1 revenue down 21% YoY to $1.46B, vs. $1.44B est., and profit down 53% YoY to $267.1M, vs. $186.6M est. (Che Pan/South China Morning Post) 11-05-2023

Che Pan / South China Morning Post:
Chinese chipmaker SMIC reports Q1 revenue down 21% YoY to $1.46B, vs. $1.44B est., and profit down 53% YoY to $267.1M, vs. $186.6M est. — Semiconductor Manufacturing International Corp (SMIC) , China’s top contract chip maker, posted its biggest drop in quarterly revenue in over a decade …