Ingenic Semiconductor Co., Ltd Class H news

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Ingenic Semiconductor Co., Ltd Class H
Oct 27, 2024 at 9:37 AM UTC
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Ingenic Semiconductor: Revenue and profit declined sharply in Q3 2024 amid weak demand across major chip markets

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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