Leading Chinese microchip maker SMIC (0981.HK; 688981.SH) said its revenue rose to $1.9 billion in the second quarter from $1.56 billion yuan a year earlier, while its gross profit dropped to $265 million from $317 million over that time. Its gross margin fell to 13.9% in the second quarter from 20.3% in the second quarter of 2023.
Ridge Outdoor nets British company in first post-IPO acquisition
The world’s leading maker of fishing gear will pay an undisclosed sum for the Harrison brand, whose fishing rods captured a recent British record for carp fishing Key Takeaways: Ridge…
