Multi Protocol Endpoint IP Core for Safe and Secure Ethernet Network
SMIC Revenue Soars as Chinese Market Sours
By Alan Patterson, EETimes (May 18, 2022)
Semiconductor Manufacturing International Corp. (SMIC) saw sales grow by more than 66% during the first three months of this year as the company warned of weakening demand in China, its home market.
While the Chinese government locked down cities such as Shanghai, SMIC’s headquarters, as part of a zero–Covid strategy, the company was still able to keep its fabs running at 100% utilization. China’s largest chipmaker shifted production to meet strong demand for semiconductors used in electric vehicles and advanced displays while consumer electronics tanked.
Smartphones and other consumer electronics previously accounted for as much as 50% of revenue for chip foundries like SMIC. During the first quarter of this year, that figure fell to less than 30% for the company.
E-mail This Article | Printer-Friendly Page |
|
SMIC Hot IP
Related News
- Global Semiconductor Materials Market Revenue Reaches Record $73 Billion in 2022, SEMI Reports
- Worldwide Semiconductor Foundry Market Grew 27.9% YoY in 2022, Projected to Decrease by 6.5% YoY in 2023 due to Inventory Adjustments, IDC Finds
- Electronic System Design Industry Logs $3.9 Billion in Revenue in Q4 2022, ESD Alliance Reports
- M31 hit a record high of revenue and profit in last year, and it expects to sustain a double digit growth throughout the year
- Faraday Reports Record-High Revenue and Net Income for Full-Year 2022
Breaking News
- Thalia's AMALIA 24.2 introduces pioneering estimated parasitics feature to reduce PEX iterations by at least 30%
- TSMC plans 1.6nm process for 2026
- Qualitas Semiconductor Partners with TUV Rheinland Korea to Enhance ISO 26262 Functional Safety Management System
- M31 has successfully launched MIPI C/D PHY Combo IP on the advanced TSMC 5nm process
- Ceva multi-protocol wireless IP could simplify IoT MCU and SoC development
Most Popular
- Controversial former Arm China CEO founds RISC-V chip startup
- Siemens collaborates with TSMC on design tool certifications for the foundry's newest processes and other enablement milestones
- Credo at TSMC 2024 North America Technology Symposium
- Synopsys Accelerates Next-Level Chip Innovation on TSMC Advanced Processes
- Kalray Joins Arm Total Design, Extending Collaboration with Arm on Accelerated AI Processing