Chinese chipmaker SMIC shares fall nearly 7% after first-quarter revenue misses estimates

Chinese chipmaker SMIC shares fall nearly 7% after first-quarter revenue misses estimates

Shares of Semiconductor Manufacturing International Corporation, China's largest contract chip maker, fell nearly 7% after an earnings miss.

Shares in Chinese chipmaker SMIC drop nearly 7% after earnings miss

Shares of Semiconductor Manufacturing International Corporation, China's largest contract chip maker, fell nearly 7% after an earnings miss.

China’s Top Chipmaker SMIC Plunges After Projecting Lower Sales

Semiconductor Manufacturing International Corp. plunged Friday after China’s leading chipmaker warned sales could fall as much as 6% this quarter because of production disruptions.

Chipset companies revise forecasts due to Donald Trump’s tariffs - TelecomLead

Tariffs announced by United States President Donald Trump have forced some of the leading chipset / semiconductor companies to revise their revenue forecast for the coming quarters. BE Semiconductors SMIC SMIC, China’s leading semiconductor foundry, reported a significant financial performance in the first quarter, with revenue surging 28 percent and profit more than doubling to $188 million, driven in part by U.S. clients rushing orders ahead o…

SHANGHAI.-The largest semiconductor manufacturer in China, SMIC, today dropped almost 7% on the stock market after warning that its sales could fall between 4 and 6% in the second quarter, which clashes with previous forecasts, which anticipated a significant increase. Specifically, the company's titles dropped 6.87% by 13.30 local time (05.30 GMT) on the Hong Kong Stock Exchange, at their lowest point in the last ten days.

Shares in Chinese chipmaker SMIC drop nearly 7% after earnings miss – DG Verifications & Stats

A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China.Vcg | Visual China Group | Getty Images Shares of Semiconductor Manufacturing International Corporation, China’s largest contract chip maker, fell nearly 7% Friday after its first-quarter earnings missed estimates. After trading on Thursday, the company reported a first-quarter revenue of $2.24 …