SMIC Q3 Earnings: Chipmaker Reports 29% Profit Jump Amid Strong Semiconductor Demand

We just got the latest results for Semiconductor Manufacturing International Corporation (SMIC), and the numbers are eye-catching. The company posted a 28.9% year-on-year profit jump in the third quarter, reaching about US$191.75 million, beating analyst estimates.
Revenue also rose by roughly 9.7% to US$2.38 billion, topping forecasts of US$2.345 billion. We’ll walk you through what’s behind these results, what global trends are helping SMIC, the challenges it faces, and whether this momentum can continue. We aim to help you understand: what’s driving SMIC Q3 earnings, what they mean, and where the company might go next.