HONG KONG, July 23 China's Semiconductor
Manufacturing International Corp (SMIC) , the
world's No.4 contract chipmaker, on Monday lifted its
second-quarter revenue and gross margin estimates and was upbeat
about its outlook.
"We see continued growth moving into the third quarter of
this year," said Chief Financial Officer Gareth Kung said in the
filing to the Hong Kong bourse.
SMIC said it expected to revenue to have climbed 25-26
percent in the three months ended June 30, up from original
guidance of 19-21 percent.
Its gross margin estimate was lifted to 23-24 percent, up
from original guidance of 19-22 percent.
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(Reporting by Twinnie Siu; Editing by Edwina Gibbs)