SMIC reports Q1 revenue up 28.4% YoY to $2.2B, vs. $2.3B est., profit up 161.9% YoY to $188M, vs. $222.4M est., and says H2 has “opportunities and challenges”

Why did Bitcoin surpass $100K today? How will US-UK trade deal affect tariffs? Why is Fed holding interest rates steady? What impact do Trump tariffs have on automakers? Why did Shopify stock drop after earnings? How is OpenAI restructuring under new CEO? Why is the Bank of England cutting rates? What caused Fortinet stock sell-off today? How are trade tensions affecting global markets?

SMIC reports Q1 revenue up 28.4% YoY to $2.2B, vs. $2.3B est., profit up 161.9% YoY to $188M, vs. $222.4M est., and says H2 has “opportunities and challenges”

reuters.com/world/china/chipmaker-smic-reports-161-surge-first-quarter-profit-2025-05-08

This story appeared on reuters.com, 2025-05-08 12:32:40.142000.

The Entire Business World on a Single Page. Free to Use →