Sheila Chiang / CNBC:
SMIC reports Q2 revenue down 18% YoY to $1.56B and net income down 21.7% YoY to $402.76M, weighed down by US sanctions and slow recovery in global chip demand — – SMCIC posted a drop in second-quarter revenue amid ongoing U.S. sanctions and a sluggish recovery in global chip demand.
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