SMIC forecasts 7-9% growth in Q1

SMIC had Q4 revenue of $981.1 million, compared to $1,082.5 million in 3Q20 and $839.4 million in 4Q19. Gross profit was $176.8 million in 4Q20, compared to $262.0 million in 3Q20 and $199.4 million in 4Q19. Gross margin was 18.0% in 4Q20, compared to 24.2% in 3Q20 and 23.8% in 4Q19. For Q1, SMIC expects revenue to ...

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