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On Nov. 13 at the Q3 earnings call, SMIC co-CEO Zhao Haijun said full-year sales are expected to exceed $12.0 bln, roughly 30% YoY. With total depreciation rising about 30% YoY, gross margin is forecast around 26%, up ~5 percentage points YoY. He war

2026-11-13

On Nov. 13 at the Q3 earnings call, SMIC co-CEO Zhao Haijun said full-year sales are expected to exceed $12.0 bln, roughly 30% YoY. With total depreciation rising about 30% YoY, gross margin is forecast around 26%, up ~5 percentage points YoY. He warned global equipment supply remains tight, lead times have lengthened and some deliveries are uncertain; this should not stop this year’s expansion plans but may disturb full-year capex execution.

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2026-11-13

According to The Times, the UK Chancellor of the Exchequer said that Britain needs to embrace artificial intelligence and invest in data centers because it will bring about a "productivity revolution" for the country and raise wages for ordinary work

According to The Times, the UK Chancellor of the Exchequer said that Britain needs to embrace artificial intelligence and invest in data centers because it will bring about a "productivity revolution" for the country and raise wages for ordinary workers.
2026-11-13

U.S. EIA reported crude oil production of 322,000 barrels per day for the week ending November 6, compared with 199,000 barrels per day in the previous week.

U.S. EIA reported crude oil production of 322,000 barrels per day for the week ending November 6, compared with 199,000 barrels per day in the previous week.
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