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via wsj.comTech & AI

China's SMIC doubles profit and posts record revenue on AI spillover

FROM THE WIRE · WSJ.COM

China's largest contract chip manufacturer more than doubled profit and reported another record revenue as spillover effects of the artificial-intelligence boom continued to boost demand and prices of its wafers.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishStrong results from a major Chinese foundry reflect AI-driven chip demand.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01SMIC, China's largest contract chipmaker, more than doubled profit.
  2. 02Revenue reached another record.
  3. 03AI-related demand boosted demand and wafer prices.

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