Tech
SMIC China reports record revenue of $5.4 billion in 2021, up 39% year-on-year, and profit $1.7 billion, up 138% year-on-year, as it looks to add adding chip production capacity amid US sanctions (Arjun Kharpal/ CNBC)
Arjun Kharpal / CNBC:
China’s SMIC report records revenue of $5.4 billion in 2021, up 39% year-on-year, and profit $1.7 billion, up 138% year-on-year, as it looks to add more capacity chip production in the context of US sanctions– – China’s largest chipmaker Semiconductor Manufacturing International Corporation reported record revenue and a spike in profits last year.
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