SMIC Outpaces Rivals on Strong Local Demand
By Alan Patterson, EETimes (February 13, 2022)
Semiconductor Manufacturing International Corp. (SMIC), China’s largest chip maker, posted 39 percent growth in 2021 that led other foundries on strong domestic demand.
The company’s 2021 revenue of $5.4 billion rose 39 percent from the previous year, more than doubling the 18.5 percent growth of Taiwan Semiconductor Manufacturing Co. (TSMC) and other top-ranked foundries.
SMIC benefited from strong demand in China, the world’s largest and fastest-growing market for chips. China’s domestic electronics companies such as telecom giant Huawei are turning to local suppliers like SMIC after the U.S. blocked TSMC from selling advanced products to Huawei amid a tech war between the U.S. and China.
“The global shortage of chips and the strong demand for local and indigenous manufacturing brought the company a rare opportunity, while the restrictions of the Entity List set many obstacles to the Company’s development,” SMIC said in a press statement. “The company rose to the challenge, tackled difficulties precisely and achieved sound performance.”
E-mail This Article | Printer-Friendly Page |
|
SMIC Hot IP
Related News
- China's Intel, AMD Ban Helps Local Rivals, Analysts Say
- Foundry Revenue Projected to Grow by 14% YoY in 3Q20 as Downstream Clients Exhibit Strong Demand, Says TrendForce
- TSMC Sees 5G Driving Strong Demand for 7nm
- Flex Logix Partners with Quantum Leap Technical Sales To Meet Strong Demand for EFLX Embedded FPGA Throughout North America
- Global Patent Applications Rose to 2.9 Million in 2015 on Strong Growth From China; Demand Also Increased for Other Intellectual Property Rights
Breaking News
- Silvaco Announces Pricing of Initial Public Offering
- Arasan's Total MIPI Camera IP solution with CSI and C-PHY achieve ISO26262 Certification
- sureCore announces successful tape-out of cryogenic IP demonstrator
- Siemens delivers end-to-end silicon quality assurance for next-generation IC designs with new Solido IP Validation Suite
- UMC Reports Sales for April 2024
Most Popular
- Synopsys Enters Definitive Agreement to Sell its Software Integrity Business to Clearlake Capital and Francisco Partners
- Fabless semiconductor startup Mindgrove launches India's first indigenously designed commercial high-performance MCU chip
- sureCore announces successful tape-out of cryogenic IP demonstrator
- Siemens delivers end-to-end silicon quality assurance for next-generation IC designs with new Solido IP Validation Suite
- Announcing Availability of Silicon-Proven 12bit 1Msps SAR ADC IP Core for Whitebox Licensing with Royalty Free