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China's SMIC Q4 profit slumps 38.4%, misses estimates despite revenue growth
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China's SMIC Q4 profit slumps 38.4%, misses estimates despite revenue growth
Feb 11, 2025 1:52 AM

BEIJING (Reuters) - Semiconductor Manufacturing International Corp, China's largest contract chipmaker, reported a 38.4% year-on-year fall in fourth-quarter profit.

Profit attributable to owners of SMIC reached $107.6 million in the October-December quarter, compared with analysts' estimate of $193.45 million, according to LSEG data.

Revenue rose 31.5% to $2.2 billion, compared to market expectations of $2.18 billion, according to LSEG.

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