Tech Insider: Sanctioned SMIC Beats Estimates, BYD Heads to Thailand
Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.
SMIC slumps less than predicted in second quarter
Semiconductor Manufacturing International Corp. (SMIC) posted a second-quarter drop in net income of 25.2% from the previous year, reflecting the impact of U.S. export restrictions and its subsequent R&D drive.
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