Chipmaker SMIC reports 161% surge in first quarter profit

Semiconductor Manufacturing International

08/05/2025 11:42

By Che  Pan and Brenda Goh

BEIJING, May 8 (Reuters) - Semiconductor Manufacturing International Corp 0981.HK，China's largest contract chip maker, reported on Thursday a 161.9% year-on-year surge in first-quarter profit.

Profit attributable to owners of SMIC reached $188 million in the March quarter, but missed analysts' estimate of $222.4 million, according to LSEG data.

Revenue rose 28.4% to $2.2 billion, compared to market expectations of $2.3 billion, according to LSEG.

 (Reporting by Che Pan and Brenda Goh; Editing by Susan Fenton)

 ((Che.Pan@thomsonreuters.com;))