China’s SMIC reports record $5.4B revenue in 2021, up 39% YoY, and $1.7B profit, up 138% YoY, as it looks to add more chip production capacity amid US sanctions (Arjun Kharpal/CNBC)

Arjun Kharpal / CNBC:
China’s SMIC reports record $5.4B revenue in 2021, up 39% YoY, and $1.7B profit, up 138% YoY, as it looks to add more chip production capacity amid US sanctions  —  – China’s largest chipmaker Semiconductor Manufacturing International Corporation reported record revenue and a surge in profit last year.