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SMIC’s Profit Beats Estimates On Strong Demand for Huawei Phones

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Feb. 6, 2024, 10:52 a.m. | Yuan Gao

Bloomberg Technology bloomberg.com

Semiconductor Manufacturing International Corp. posted better-than-expected quarterly profit thanks to robust demand for Huawei Technologies Co.’s marquee smartphones powered by components made by the Shanghai-based chipmaker.

chipmaker components demand huawei international manufacturing phones profit robust semiconductor semiconductor manufacturing shanghai smartphones technologies

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