SHANGHAI (Reuters) – Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) saw revenue in the fourth quarter of 2022 reach $1.62 billion, up from $1.58 billion the same quarter one year prior according to a market filing published on Thursday.
Gross profit was $518.7 million, down from $552.8 million the same quarter one year ago.
Revenue for the full year 2022 reached $7.273 billion, a 33.6% year-on-year increase and a record high for the company, though below analyst estimates.
(Reporting by Josh Horwitz; Editing by Tomasz Janowski)
