DDR2/DDR3/DDR3L/LPDDR/LPDDR2/LPDDR3 6 in one combo IO with auto calibration - 40nm LL
SMIC Reports 2023 Third Quarter Results
SHANGHAI, Nov. 9, 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 September 30, 2023.
2023 Third Quarter Highlights
- Revenue was $1,620.6 million in 3Q23, compared to $1,560.4 million in 2Q23, and $1,907.0 million in 3Q22.
- Gross profit was $321.6 million in 3Q23, compared to $316.5 million in 2Q23, and $742.2 million in 3Q22.
- Gross margin was 19.8% in 3Q23, compared to 20.3% in 2Q23 and 38.9% in 3Q22.
Fourth Quarter 2023 Guidance
The Company expects (in accordance with IFRSs):
- Revenue to increase by 1% to 3% QoQ.
- Gross margin to range from 16% to 18%.
The Management Comments
In the third quarter of this year, Company's revenue was $1.62 billion, up 3.9% sequentially, which was at the midpoint of the guidance; gross margin was 19.8%, down 0.5 percentage points comparing to the previous quarter. The Company's overall shipments continued to increase, up 9.5% sequentially. Since the total capacity as the denominator increased to 796 thousand wafers, the utilization rate decreased by 1.2 percentage points to 77.1%.
The Company expects the fourth quarter's revenue to grow by 1% to 3% sequentially; the gross margin will be dragged by the continuous depreciation pressure of the new capacity, which is expected to be in the range of 16~18%.
The full-year capital expenditures are expected to be raised to around $7.5 billion.
To see the complete results including financial tables, please click here.
Conference Call / Webcast Announcement
Date: Friday, November 10, 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/9g26eefw
CONFERENCE CALL
Please register in advance for the conference call at:
https://register.vevent.com/register/BIfc921179b2f84f7694f75e97f3951c10
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 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.
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