Semiconductor Manufacturing International Corp. on Thursday reported a 76.7% year-on-year drop in its third-quarter profit to $93.98 million, as its gross margin plummeted by 19.1 percentage points to 19.8%.

FAST NEWS: SMIC’s gross margin plunges, with no bottom in sight

The latest: Semiconductor Manufacturing International Corp. (SMIC)(0981.HK; 688981.SH) on Thursday reported a 76.7% year-on-year drop in its third-quarter profit to $93.98 million, as its gross margin plummeted by 19.1 percentage points…
0981.HK 688981.SHG
Lithium miner Ganfeng Lithium announced Monday that it will acquire 33.33% of Chongqing Ruichi Automobile for 1 billion yuan.

FAST NEWS: Ganfeng Lithium to acquire 33.3% of EV company

The latest: Lithium miner Ganfeng Lithium Group Co. Ltd. (1772.HK; 002460.SZ) announced Monday that it will acquire 33.33% of Chongqing Ruichi Automobile for 1 billion yuan ($137 million). Looking up: Ruichi focuses on…
1772.HK 002460.SHE