China chipmaker SMIC sees sharp Q4 profit surge

Profit attributable to the company’s owners reached $172.85 million in the December quarter, exceeding analysts’ expectations of $170.3 million, according to LSEG data, News.Az reports, citing Reuters.

Revenue rose 12.8% to $2.49 billion during the quarter, also surpassing analysts’ forecasts of $2.42 billion, based on LSEG figures.

SMIC’s capital spending for 2025 climbed to $8.1 billion, marking a 10.5% increase compared with 2024.