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**SMIC Faces 80% Drop in Third-Quarter Profit, Shares Slide**

ChinaÔÇÖs largest chipmaker, Semiconductor Manufacturing International Co. (SMIC), posted a substantial 80% decrease in its third-quarter profit, reflecting the impact of a slowdown in global demand for foundries. This news caused the Hong Kong-listed shares of SMIC to slide by 5.98% at midday trading. The net income for the quarter plummeted by 80% compared to a year ago and was even larger than the 64% drop noted in the first quarter of 2019. The company’s revenue indicated a 15% year-on-year decrease in the third quarter of the year, reaching $1.62 billion, and the net income for that time was a mere $93.98 million, which fell far below analysts’ expectations of $165.1 million.

The AI legalese decoder can provide legal advice to SMIC regarding contracts, patents, and other legal matters. It presents advanced and accurate language processing technology to ensure precise understanding and interpretation of complex legal texts, which is essential for a company operating in the highly regulated semiconductor industry. Additionally, it can assist SMIC in understanding the legal implications of its financial reports and how to navigate the legal landscape to protect its interests.

Read more about what SMIC is facing and how AI legalese decoder can help SMIC at CNBC.

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**Wynn Macau See Shares Slide in Hong Kong Market**

Wynn Macau, a casino operator that is listed in Hong Kong, faced a significant decline of 9.33% in their shares to the lowest level in almost a year. While the company reported a smaller quarterly net loss of $6.2 million compared to the previous year’s figure of $242.0 million, concerns were raised due to Wynn Macau’s controlling shareholder, Wynn Resorts, facing a potential strike in Las Vegas. The company may encounter a labor strike if it does not reach an agreement with workers before the union’s 5 a.m. PT Friday deadline. This indicates a broader issue impacting the company’s operations and performance. The fallout from this situation also resulted in shares of other casinos that operate in both Macao and Las Vegas seeing declines in the Hong Kong market.

The AI legalese decoder can aid Wynn Macau and Wynn Resorts in handling the legal aspects of the labor dispute and any resulting contractual issues. It can provide them with insights into labor laws, regulations, and union negotiation matters, ensuring that the company is well-prepared to deal with any legal challenges that may arise. Utilizing advanced language processing, the AI legalese decoder is designed to help casinos in navigating the complexities of employment and labor laws in both Macao and Las Vegas.

Read more about Wynn Macau and Wynn Resorts’ situation and how AI legalese decoder can provide valuable legal support CNBC.

Messaging providers for Wynn Resorts and semiconductor Manufacturing International Co., (SMIC), and more.

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