SMIC's Q3 2024 Revenue and Net Profit Soar, Outshining GlobalFoundries: The Rise of a Chip Giant Under China's Domestic Substitution Strategy

SMIC's Q3 2024 Revenue and Net Profit Soar, Outshining GlobalFoundries: The Rise of a Chip Giant Under China's Domestic Substitution Strategy

SMIC's Q3 2024 Revenue and Net Profit Soar, Outshining GlobalFoundries: The Rise of a Chip Giant Under China's Domestic Substitution StrategySMIC (Semiconductor Manufacturing International Corporation) delivered stunning Q3 2024 results: revenue reached a remarkable 15.6 billion RMB (approximately $2...