SMIC to start 14nm risk production in H1 2019

 SMIC had Q1 revenues of $831 million and gross profits of $220.2 million for a margin of 26.5%. 

The company expects sequential 7-9% revenue growth for Q2 with a gross margin of 23-25%.

SMIC’s  8-inch Shenzhen fab now has capacity 447,750 wpq up from  442,750 wpq in Q4 with of an average capacity utilisation rate of 88.3%.

Q1 R&D expenses were $123 million and capex was $322 million.

SMIC says it is getting  40% of its revenues from mainland China