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SMIC Q2 profit down 25%

Photo by: Electronics weekly

SMIC’s Q2 profit of $514 million was down 25% y-o-y thanks to a slow-down at its fabs due to Covid. Q2 revenue was up 42% y-o-y at $1.9 billion boosted by sales for chips for smart home applications. Q2 capacity utilisation dropped to 97% from more than 100% in Q2 2021. Q2 capex was $1.6 billion and ... The post SMIC Q2 profit down 25% appeared first on Electronics Weekly .

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