Ingenic Semiconductor Co., LtdSZSE: 300223

Ingenic Semiconductor: Revenue and profit declined sharply in Q3 2024 amid weak demand across major chip markets

· Issued by Ingenic Semiconductor Co., Ltd

Q3 2024 revenue fell 8.7% and net profit dropped 26.89% year-over-year, with weak demand in key markets. Analog and connectivity chips grew, but storage chip sales declined 10.52%. Operating cash flow and profitability both decreased.

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