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China’s SMIC Q4 profit slumps 38.4%, misses estimates despite revenue growth

BEIJING (Reuters) -Semiconductor Manufacturing International Corp. (0981.HK), China's largest contract chipmaker, reported a 38.4% year-on-year fall in fourth-quarter profit....

Alphabet faces scrutiny on AI spending as Google cloud growth slows

By Deborah Mary Sophia and Zaheer Kachwala (Reuters) - Alphabet will face investor scrutiny over its massive spending on...

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