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.