SMIC Q3 Earnings

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…