SMIC's Q3 sales up 24%, sees 99% fab utilization
EE Times: Latest News SMIC's Q3 sales up 24%, sees 99% fab utilization | |
Mark LaPedus (10/28/2004 4:29 PM EDT) URL: http://www.eetimes.com/showArticle.jhtml?articleID=51201273 | |
SAN JOSE, Calif. — Chinese foundry provider Semiconductor Manufacturing International Corp. (SMIC) on Thursday (Oct. 28) reported sales of $274.9 million in the third quarter of 2004, up 24.4 percent from $221.0 million in the prior quarter. SMIC (Shanghai) reported a net of $39.3 million in the quarter, up 15.2 percent from $34.2 million in the previous period. Compared to 2Q, wafer shipments in the period increased 30.9 percent to 263,808 8-inch wafers, according to the company. The company reported a net profit of $10.4 million on sales of $107.1 million in the like period a year ago. Fab utilization hit 99 percent during the quarter. The company did not list the sales and earnings figures for the like period a year ago. "We are pleased to report continued growth through the third quarter of 2004," said Richard Chang, president and chief executive of SMIC, in a statement. "During the third quarter of 2004, the Asia Pacific region showed particular strength with the Greater China region accounting for 6.6 percent of total sales." Chang said the company "received relatively strong orders from our customers across all market segments, and in particular the communications products market segment." On September 25, SMIC commemorated the grand opening of Fab 4, which is China's first 300-mm wafer fab facility. "While ramp up of Fab 4 remains on schedule as planned with mass production set for the fourth quarter of 2004, we will continue expansion based on market demands," he said.
| |
All material on this site Copyright © 2005 CMP Media LLC. All rights reserved. Privacy Statement | Your California Privacy Rights | Terms of Service | |
Related News
- Faraday Reports Third Quarter 2021 Revenues at NT$2,218 Million, Up 31% QoQ
- Fab Equipment Spending: Flat in 2013; Up 24% in 2014
- UMC's first quarter sales up 41.5% over 2003
- Altera says orders 'deteriorated' in February, predicts 24% drop in Q1 sales
- M31 Q3 Profit Surged Over 50%, Accumulated EPS NT$9.34
Breaking News
- Ceva multi-protocol wireless IP could simplify IoT MCU and SoC development
- Controversial former Arm China CEO founds RISC-V chip startup
- Fundamental Inventions Enable the Best PPA and Most Portable eFPGA/DSP/SDR/AI IP for Adaptable SoCs
- Cadence and TSMC Collaborate on Wide-Ranging Innovations to Transform System and Semiconductor Design
- Numem at the Design & Reuse IP SoC Silicon Valley 2024
Most Popular
- GUC provides 3DIC ASIC total service package to AI/HPC/Networking customers
- Qualitas Semiconductor Appoints HSRP as its Distributor for the China Markets
- 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
- Huawei Mate 60 Pro processor made on SMIC 7nm N+2 process
E-mail This Article | Printer-Friendly Page |