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09.05.25 - 06:06
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SMIC may be expanding use of Chinese equipment as yield challenges weigh on outlook (Digitimes)
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Semiconductor Manufacturing International Corp. (SMIC) reported that average selling prices declined in the latter half of the first quarter of 2025 due to production fluctuations at its fabs, causing revenue to fall short of previous guidance. The company indicated this impact will continue into the second quarter. As a result, SMIC forecasts second-quarter revenue to decline by 4~6% quarter-on-quarter, with a projected gross margin between 18% and 20%....
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09.05.25 - 05:06
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SMIC reports minimal tariff impact, yield issues hit 2Q25 guidance, and low 2025 outlook visibility (Digitimes)
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On May 9, 2025, Semiconductor Manufacturing International Corporation (SMIC) held its first quarter 2025 earnings call, with co-CEO Haijun Zhao addressing performance, tariff impacts, and operational challenges. SMIC reported a minimal tariff impact of less than 1% on revenue, while unexpected yield issues from maintenance and equipment validation led to a 4-6% revenue decline forecast for Q2 2025. Limited visibility for the second half of 2025 was noted, driven by seasonal demand and tariff uncertainties, with clearer shipment forecasts expected by August....
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09.05.25 - 04:06
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SMIC signals cautious outlook for 2Q25 (Digitimes)
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Semiconductor Manufacturing International Corporation (SMIC) announced its financial results for the first quarter of 2025, reporting revenue of US$2.247 billion. This represents a 1.8% increase compared to US$2.207 billion recorded in the previous quarter and a 28.4% rise from US$1.750 billion reported in the first quarter of 2024. The company's gross margin remained steady at 22.5%, slightly lower than the 22.6% reported in the fourth quarter of 2024, but significantly higher than the 13.7% seen in the same period last year....
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28.03.25 - 08:06
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SMIC profit slides 23% in 2024 despite record revenue surge (Digitimes)
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SMIC released its fourth-quarter and full-year 2024 financial results on March 27, reporting record revenue and wafer shipments. However, profitability declined amid persistent US export controls and reduced investment income. Net profit attributable to shareholders dropped more than 20% year-over-year....
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14.02.25 - 02:36
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SMIC earnings signal potential price war in mature-node chip market (Digitimes)
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China's rapid expansion in mature-node wafer foundries is reshaping the global semiconductor landscape and intensifying competition for Taiwanese second-tier players. In a market estimated at roughly US$56.3 billion, Chinese foundries—such as Hua Hong Semiconductor and SMIC—are aggressively cutting prices and rapidly expanding capacity. This surge has not only prompted the US government to initiate a Section 301 investigation but has also served as a wake-up call across the industry....
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08.11.24 - 04:06
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SMIC reports record revenue, but faces competition with limited gross margin (Digitimes)
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SMIC, China's largest pure-play semiconductor foundry, recorded US$2 billion in revenue in a single quarter, with its utilization rate surpassing 90%. However, its relatively limited gross margin, trailing behind that of its peers, highlights the intense competition in China's semiconductor market despite strong demand from IC design houses....
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