Cointime update: SMIC posted record third-quarter revenue of $3.19 billion, up 6.1% quarter-on-quarter, co-CEO Zhao Haijun said at the company’s Q3 earnings call. Faster-than-expected customer demand for AI-support chips including BCD, specialty memory and controllers pushed revenue above the top end of guidance. The average wafer price rose 1.8% from the prior quarter as negotiated price increases took effect in batches and the product mix continued to improve.
SMIC Q3 Revenue Hits Record $3.19B, Wafer ASP Up 1.8% QoQ
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