China's SMIC reports record $5.4B revenue in 2021, up 39% YoY, and $1.7B profit, up 138% YoY, as it looks to add more chip production capacity amid US sanctions (Arjun Kharpal/CNBC)

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Arjun Kharpal / CNBC:

China’s SMIC stories document $5.4B income in 2021, up 39% YoY, and $1.7B revenue, up 138% YoY, because it seems so as to add extra chip manufacturing capability amid US sanctions  —  – China’s largest chipmaker Semiconductor Manufacturing Worldwide Company reported document income and a surge in revenue final yr.





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