SMIC Reports 2021 Fourth Quarter Results
SHANGHAI, Feb. 10, 2022 -- 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 December 31, 2021.
2021 Fourth Quarter Highlights
- Revenue was $1,580.1 million in 4Q21, an increase of 11.6% QoQ from $1,415.3 million in 3Q21, and 61.1% YoY from $981.1 million in 4Q20.
- Gross profit was $552.8 million in 4Q21, an increase of 18.2% QoQ from $467.9 million in 3Q21, and 212.7% YoY from $176.8 million in 4Q20.
- Gross margin was 35.0% in 4Q21, compared to 33.1% in 3Q21 and 18.0% in 4Q20.
First Quarter 2022 Guidance
The following statements are forward looking statements based on current expectations and involved risks and uncertainties. The Company expects (in accordance with IFRS):
- Revenue to increase by 15% to 17% QoQ.
- Gross margin to range from 36% to 38%.
SMIC management commented: "The year 2021 is an exceptional year in SMIC's development history. The global shortage of chips and the strong demand for local and indigenous manufacturing brought the Company a rare opportunity, while the restrictions of the "Entity List" set many obstacles to the Company's development. Focusing on the primary task of ensuring operation continuity, meeting customer demand, and alleviating the supply chain shortage, the Company rose to the challenge, tackled difficulties precisely and achieved sound performance.
The Company's single-quarter revenue exceeded US$1.5 billion for the first time, and the annual revenue was US$5.4 billion, an annual increase of 39%, making us the fastest growing company among the top four pure-play foundries in the world that year, and many financial indicators such as gross margin, operating margin, and net margin also hit record highs.
There are opportunities and challenges in 2022, and there is a gradual shift from capacity shortage across the board to a phase of structural shortage. SMIC's product platforms and capacity built up over the years are concentrated in the industry's structural gaps. The Company will consistently adhere to compliant operations, continuing internationalization and deeply integrate into the global ecosystem, in order to service customers across the globe, seek progress in a steady manner, continue to strengthen strategic cooperation with customers and suppliers, and steadily advance capacity expansion projects. Under the dual preparation effect of diversified customer base and multi-product platforms, the Company will secure the existing volume, expand incremental volume, and build our competitive advantage in the IC ecosystem on higher ground.
Under the assumption of a relatively stable external environment, the growth rate of annual revenue is expected to be better than the average of the foundry industry, and the gross margin is expected to be higher than our level in 2021. In order to continuously expand the existing fabs and roll out of the three new projects, it is still a high-investment year in 2022. The Capex is expected to be about $5.0 billion, and the incremental production capacity is expected to be higher than last year.
We would like to thank all employees, customers, suppliers, investors, and the community for their trust and support! We wish you all a happy and prosperous New Year!"
To see the complete results including financial tables, please click here:
https://smic.shwebspace.com/uploads/2021%20Q4%20Earnings%20Release_ENG%20final.pdf
Conference Call / Webcast Announcement
Date: Friday, February 11, 2022
Time: 8:30 A.M. (China Standard Time)
WEBCAST
The call will be webcast live at:
https://edge.media-server.com/mmc/p/rf6efvgk
CONFERENCE CALL
Please register in advance for the conference call at:
http://apac.directeventreg.com/registration/event/2578464
REPLAY
Recording will be available approximately 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 constituting one of the leading foundries in the world, is the most advanced and the largest foundry with the broadest technology coverage and the most comprehensive semiconductor manufacturing services in Chinese Mainland. SMIC Group provides integrated circuit ("IC") foundry and technology services on process nodes from 0.35 micron to 14 nanometer. Headquartered in Shanghai, China, SMIC Group has an international manufacturing and service base. In China, SMIC has a 200mm wafer fabrication facility ("fab") and an effectively controlled joint-venture 300mm fab for advanced nodes in Shanghai; a 300mm fab and a majority-owned 300mm fab in Beijing; a 200mm fab in Tianjin and a majority-owned 200mm fab in Shenzhen. 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.
|
SMIC Hot IP
Related News
Breaking News
- Ubitium Debuts First Universal RISC-V Processor to Enable AI at No Additional Cost, as It Raises $3.7M
- TSMC drives A16, 3D process technology
- Frontgrade Gaisler Unveils GR716B, a New Standard in Space-Grade Microcontrollers
- Blueshift Memory launches BlueFive processor, accelerating computation by up to 50 times and saving up to 65% energy
- Eliyan Ports Industry's Highest Performing PHY to Samsung Foundry SF4X Process Node, Achieving up to 40 Gbps Bandwidth at Unprecedented Power Levels with UCIe-Compliant Chiplet Interconnect Technology
Most Popular
- Cadence Unveils Arm-Based System Chiplet
- CXL Fabless Startup Panmnesia Secures Over $60M in Series A Funding, Aiming to Lead the CXL Switch Silicon Chip and CXL IP
- Esperanto Technologies and NEC Cooperate on Initiative to Advance Next Generation RISC-V Chips and Software Solutions for HPC
- Eliyan Ports Industry's Highest Performing PHY to Samsung Foundry SF4X Process Node, Achieving up to 40 Gbps Bandwidth at Unprecedented Power Levels with UCIe-Compliant Chiplet Interconnect Technology
- Arteris Selected by GigaDevice for Development in Next-Generation Automotive SoC With Enhanced FuSa Standards
E-mail This Article | Printer-Friendly Page |