China's biggest chipmaker SMIC:

2Q revenue was $1,560.4 million in 2Q23, compared to $1,462.3 million in 1Q23, and $1,903.2 million in 2Q22.
2Q gross profit was $316.5 million in 2Q23, compared to $304.7 million in 1Q23, and $750.5 million in 2Q22.

2Q Rev. $1.56b, Est. $1.54b;
2Q Gross Margin 20.3%, Est. 20.1%;
2Q Net Income $402.8m, Est. $187.9m;
Sees 3Q Gross Margin 18% to 20%, Est. 21%.

$SMIC (00981.HK)$ $Semiconductor Manufacturing International Corporation (688981.SH)$ $XIAOMI-W (01810.HK)$ $Huawei Hongmong (LIST0795.SH)$ $TENCENT (00700.HK)$ $BABA-W (09988.HK)$ $BIDU-SW (09888.HK)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $iShares MSCI China ETF (MCHI.US)$

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