Advanced Micro: 291.98% YoY increase in net profit in H1 2020

Advanced Micro announced that it achieved a net profit of 119 million yuan in the first half of this year, a year-on-year increase of 291.98%.

Advanced Micro announced that it achieved a net profit of 119 million yuan in the first half of this year, a year-on-year increase of 291.98%.

With the support of the national integrated circuit industry policy, China’s chip equipment market maintains a relatively high level of investment scale.

The company has made great breakthroughs and progress in etching equipment (etchers) and MOCVD equipment research and development, market development and other aspects. Its products have been continuously recognized by customers at home and abroad.

At the same time, the company announced that it plans to raise funds no more than 10 billion yuan for the construction of medium and micro industrialization bases.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/08/29/advanced-micro-291-98-yoy-increase-in-net-profit-in-h1-2020/.

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