SMIC's CEO makes utilization first focus

Junko Yoshida, EETimes
3/21/2013 5:20 PM EDT

SHANGHAI – Semiconductor Manufacturing International Corp. (SMIC), for the first time in a long time, has a good story to tell.

The company hopes to put to bed the industry’s collective memory of SMIC as a huge Chinese foundry hip-deep in red ink, pursued by its Taiwanese rival in litigation, and paralyzed by internal management turmoil.

In contrast, the new SMIC comes with record-high revenue—$1.7 billion for the full year of 2012—positive income of $15.9 million (the company’s highest in seven years), and a smiling, personable CEO, Tzu-Yin Chiu, who took the company’s helm in August, 2011.

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