Bloomberg:
SMIC reports Q3 revenue down 15% YoY to $1.62B, missing $1.64B est., and net income down 80% YoY to $94M, missing $178.1M est., despite Huawei’s Mate 60 Pro — The Shanghai company reported a 15% fall in revenue to $1.62 billion, versus an average projection for $1.64 billion.
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