SMIC Reports 2023 Second Quarter Results
SHANGHAI, Aug. 10, 2023 -- 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, 2023.
2023 Second Quarter Highlights
- Revenue was $1,560.4 million in 2Q23, compared to $1,462.3 million in 1Q23, and $1,903.2 million in 2Q22.
- Gross profit was $316.5 million in 2Q23, compared to $304.7 million in 1Q23, and $750.5 million in 2Q22.
- Gross margin was 20.3% in 2Q23, compared to 20.8% in 1Q23 and 39.4% in 2Q22.
Third Quarter 2023 Guidance
The Company expects (in accordance with IFRS):
- Revenue to increase by 3% to 5% QoQ.
- Gross margin to range from 18% to 20%.
The Management Comments
In the second quarter of 2023, the Company's revenue increased by 6.7% sequentially to $1.56 billion, and gross margin declined 0.5 percentage points to 20.3%. The capacity demand of 12-inch were relatively full, while the customer demand of 8-inch were weak. The utilization rate for 8-inch was lower than 12-inch, but still better than the industry average.
Third quarter's revenue is expected to grow by 3%-5% sequentially, and gross margin is expected to be in the range of 18%-20%. Shipments are expected to continue to increase in the third quarter, meanwhile, the depreciation will also continue to increase. The Company's revenue in the second half of the year is expected to be better than that in the first half.
We will continue to strengthen our technology R&D and platform development, verify new products quickly, arrange the supporting capacity as soon as possible, and fully prepare for the next round of growth cycle.
To see the complete results including financial tables, please click here:
https://www.smics.com/uploads/64d4aaba/ER_EN.pdf
Conference Call / Webcast Announcement
Date: Friday, August 11, 2023
Time: 8:30 A.M. - 9:30 A.M.
WEBCAST
The call will be webcast live at:
https://edge.media-server.com/mmc/p/bpmmcrkk
CONFERENCE CALL
Please register in advance for the conference call at:
https://register.vevent.com/register/BI3f07d2f157614c628c463c26f4cea116
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) and its subsidiaries 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 0.35 micron to FinFET process node technologies. Headquartered in Shanghai, China, SMIC Group has an international manufacturing and service base, with three 8-inch wafer fabrication facilities ("fabs") and four 12-inch fabs in Shanghai, Beijing, Tianjin and Shenzhen, and three 12-inch fabs under construction in Shanghai, Beijing and Tianjin. SMIC Group also has marketing and customer service offices in the U.S., Europe, Japan, and Taiwan, China, and a representative office in Hong Kong, China.
For more information, please visit www.smics.com.
|
SMIC Hot IP
Related News
Breaking News
- MIPS Releases P8700, Industry's First High-Performance AI-Enabled RISC-V Automotive CPU for ADAS and Autonomous Vehicles
- Panasonic Automotive Systems and Arm Partner to Standardize Software-Defined Vehicles
- Ceva, Inc. Announces Third Quarter 2024 Financial Results
- Logic Fruit Technologies Launches JESD204D Transmitter and Receiver IP - Advancing High-Bandwidth Data Solutions
- Sondrel announces that it is opening up its library of IP for licensing
Most Popular
- Tessolve to Acquire Germany's Dream Chip Technologies
- Jolt Capital buys and invests in Dolphin Design's carved-out mixed-signal IP activities
- Ceva, Inc. Announces Third Quarter 2024 Financial Results
- Siemens' Tessent In-System Test software enables advanced, deterministic testing throughout the silicon lifecycle
- Sondrel announces that it is opening up its library of IP for licensing
E-mail This Article | Printer-Friendly Page |