WIRE — BEIJING Chinas largest contract chipmaker, Semiconductor Manufacturing International Corp (0981.HK), reported on Thursday second-quarter profit more than tripled from a year earlier, beating analyst estimates, as demand for AI-related chips remained robust, Reuters reported. Profit attributable to shareholders came in at $479.2 million, nearly double the average analyst estimate of $253.4 million compiled by LSEG. The post SMIC profit more than triples on AI-driven chip demand appeared first on Egyptian Gazette.
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