SMIC's Q3 sales up 24%, sees 99% fab utilization

![]() ![]() | |
EE Times: Latest News SMIC's Q3 sales up 24%, sees 99% fab utilization | |
Mark LaPedus (10/28/2004 4:29 PM EDT) URL: http://www.eetimes.com/showArticle.jhtml?articleID=51201273 | |
SAN JOSE, Calif. — Chinese foundry provider Semiconductor Manufacturing International Corp. (SMIC) on Thursday (Oct. 28) reported sales of $274.9 million in the third quarter of 2004, up 24.4 percent from $221.0 million in the prior quarter. SMIC (Shanghai) reported a net of $39.3 million in the quarter, up 15.2 percent from $34.2 million in the previous period. Compared to 2Q, wafer shipments in the period increased 30.9 percent to 263,808 8-inch wafers, according to the company. The company reported a net profit of $10.4 million on sales of $107.1 million in the like period a year ago. Fab utilization hit 99 percent during the quarter. The company did not list the sales and earnings figures for the like period a year ago. "We are pleased to report continued growth through the third quarter of 2004," said Richard Chang, president and chief executive of SMIC, in a statement. "During the third quarter of 2004, the Asia Pacific region showed particular strength with the Greater China region accounting for 6.6 percent of total sales." Chang said the company "received relatively strong orders from our customers across all market segments, and in particular the communications products market segment." On September 25, SMIC commemorated the grand opening of Fab 4, which is China's first 300-mm wafer fab facility. "While ramp up of Fab 4 remains on schedule as planned with mass production set for the fourth quarter of 2004, we will continue expansion based on market demands," he said.
| |
All material on this site Copyright © 2005 CMP Media LLC. All rights reserved. Privacy Statement | Your California Privacy Rights | Terms of Service | |

Related News
Breaking News
- VeriSilicon introduces AcuityPercept: an AI-powered automatic ISP tuning system
- Avant Technology Partners with COSEDA Technologies to Enhance System-Level Software Solutions
- intoPIX Powers Ikegami's New IPX-100 with JPEG XS for Seamless & Low-Latency IP Production
- Tower Semiconductor and Alcyon Photonics Announce Collaboration to Accelerate Integrated Photonics Innovation
- Qualcomm initiates global anti-trust complaint about Arm
Most Popular
- Qualcomm initiates global anti-trust complaint about Arm
- Sarcina Technology launches AI platform to enable cost-effective customizable AI packaging solutions
- EnSilica Agrees $18m 7 Year Design and Supply ASIC Contract
- Siemens to accelerate customer time to market with advanced silicon IP through new Alphawave Semi partnership
- Tower Semiconductor and Alcyon Photonics Announce Collaboration to Accelerate Integrated Photonics Innovation
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |