Chinese chipmaker SMIC reports Q1 revenue down 20.6% YoY to $1.46B and net income down 48.3% YoY to $231.1M, both beating analyst estimates (Che Pan/South China Morning Post)

Che Pan / South China Morning Post:
Chinese chipmaker SMIC reports Q1 revenue down 20.6% YoY to $1.46B and net income down 48.3% YoY to $231.1M, both beating analyst estimates  —  Semiconductor Manufacturing International Corp (SMIC) , China’s top contract chip maker, posted its biggest drop in quarterly revenue in over a decade …