[Tech] SMIC China reports record revenue of $5.4 billion in 2021, up 39% year-on-year, and profit $1.7 billion, up 138% year-on-year, as it looks to add adding chip production capacity amid US sanctions (Arjun Kharpal/ CNBC) Arjun Kharpal / CNBC : China’s SMIC report records revenue of $5.4 billion in 2021, up 39% year-on-year, and profit $1.7 billion, up 138% year-on-year, as it looks to add more capacity chip production in the context of US sanctions – – China’s largest chipmaker Semiconductor Manufacturing International Corporation reported record revenue and a spike in profits last year. [Source link]