Shanghai, China – August 8, 2024 – Semiconductor Manufacturing International Corporation (SEHK: 00981; SSE STAR MARKET: 688981) (“SMIC”, the “Company” or “we”), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended June 30, 2024.
Second Quarter 2024 Highlights
The following statements are forward looking statements based on current expectations and involved risks and uncertainties.
Third Quarter 2024 Guidance
The Company expects (in accordance with IFRSs):
The Management Comments
The Company’s revenue and gross margin both beat guidance in the second quarter. Revenue increased by 9% sequentially to $1.9 billion, of which, 8-inch equivalent wafer shipments increased by 18% sequentially to more than 2.11 million, and blended ASP declined by 8% sequentially due to the changes in product mix.
In the third quarter, the Company’s guidance is: revenue is expected to grow 13% to 15% sequentially, gross margin is expected to be in the range of 18% to 20%.
The Company will continue to dedicate in wafer manufacturing, create vision-based strategic plans, and embrace headwinds and opportunities.
Conference Call / Webcast Announcement
Date: Friday, August 9, 2024
Time: 8:30 A.M. - 9:30 A.M.
WEBCAST
The call will be webcast live at:
https://edge.media-server.com/mmc/p/ic2kiuq7/
CONFERENCE CALL
Please register in advance for the conference call at:
https://register.vevent.com/register/BI9be07cbe39cb4e2daf380f1b426ec2b6
REPLAY
Recording will be available 1 hour after the event and it will be archived for 12 months.
https://www.smics.com/en/site/company_financialSummary
About SMIC
Semiconductor Manufacturing International Corporation (SEHK: 00981; SSE STAR MARKET: 688981) is one of the leading foundries in the world and is the front runner in manufacturing capability, manufacturing scale, and comprehensive service in the Chinese Mainland. SMIC Group provides semiconductor foundry and technology services to global customers on 8-inch and 12-inch wafers. Headquartered in Shanghai, China, SMIC Group has an international manufacturing and service base, with 8-inch and 12-inch wafer fabrication facilities in Shanghai, Beijing, Tianjin and Shenzhen. SMIC Group also has marketing and customer service offices in the U.S., Europe, Japan, and Taiwan, China.
For more information, please visit www.smics.com.