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SMIC reports Q2 revenue up 18.7% year on year to $938.5 million

By Phate Zhang
Aug 6, 2020 at 5:36 PM UTC
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SMIC reports Q2 revenue up 18.7% year on year to $938.5 million-CnTechPost

SMIC's second quarter sales increased 18.7 percent to $938.5 million compared to $790.9 million in the same period last year and was up by 3.7 percent compared to $904.9 million in the first quarter.

Gross profit for the second quarter was $248.6 million, an increase of 6.4 percent from $233.6 million in the first quarter and an increase of 64.5 percent from $151.2 million in the same period last year, the company said in its financial statement to the Hong Kong Stock Exchange.

Semiconductor Manufacturing International Corporation (SMIC), Chinaโ€™s leading contract chip maker, provides wafer foundry at various technology nodes from 0.35 micron to 14 nanometers.

SMIC is headquartered in Shanghai and has a global manufacturing and service base.

It has a 300mm wafer fab and a 200mm wafer fab in Shanghai, as well as a holding in a 300mm advanced process wafer fab.

It has a 300mm wafer fab in Beijing and a 300mm advanced process wafer fab in its majority-owned facility.

It has a 200mm wafer fab in Tianjin and a 200mm fab in Shenzhen, and a majority-owned 300mm bump processing joint venture in Jiangyin.

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