SMIC

SMIC has obtained supply licenses from some US equipment vendors and can resume supply of semiconductor equipment for mature processes such as 14nm and 28nm.

Semiconductor Manufacturing International Corporation (SMIC), China's leading contract chipmaker, has invested RMB 49.7 billion ($7.7 billion) in a fab in Beijing, with the first phase of the project scheduled for completion in 2024.

China's leading contract chipmaker SMIC says it will be cautious about expanding advanced process capacity in 2021, according to its CEO Zhao Haijun on the 2020 fourth-quarter conference call.

As automotive chips do not account for a large percentage of SMIC's revenue, even an increase in demand will not affect SMIC's overall capacity, according to SMIC CEO Zhao Haijun.

SMIC plans to expand its mature 12-inch line by 10,000 wafers and its mature 8-inch line by no less than 45,000 wafers this year, according to company Co-CEOs Zhao Haijun and Mong-Song Liang.

Net income attributable to SMIC shareholders for the quarter was RMB 1.252 billion, up 93.5 percent year-on-year.

China's leading contract chipmaker SMIC announced its withdrawal from the OTCQX, the US over-the-counter market, and the termination of the ADR Level 1 program on January 31.

SMIC has been notified by OTC Markets Group, the operator of the OTCQX marketplace, that trading in SMIC's securities will be permitted until February 1, 2021, in accordance with regulatory guidance.

The OTCQX is a financial marketplace for US over-the-counter securities, and SMIC's ADRs were traded on the OTCQX after its delisting from the NYSE in 2019.

SMIC, China's leading contract chip maker, announced on December 31 the resignation of Jason Cong, an independent non-executive director, effective immediately.