SMIC Reports 2017 Fourth Quarter Results

All currency figures stated in this report are in US Dollars unless stated otherwise.

SHANGHAI, Feb. 8, 2018 — (PRNewswire) — Semiconductor Manufacturing International Corporation (NYSE: SMI; SEHK: 981) ("SMIC", the "Company" or "our"), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended December 31, 2017.

Fourth Quarter 2017 Highlights

  • Revenue was $787.2 million in 4Q17, an increase of 2.3% QoQ from $769.7 million in 3Q17 and a decrease of 3.4% YoY from $814.8 million in 4Q16.
  • Gross profit was $148.5 million in 4Q17, compared to $177.3 million in 3Q17 and $246.0 million in 4Q16.
  • Gross margin was 18.9% in 4Q17, compared to 23.0% in 3Q17 and 30.2% in 4Q16.

First Quarter 2018 Guidance: 

The following statements are forward looking statements based on current expectations and involved risks and uncertainties, some of which are set forth under "Safe Harbor Statements" below. The Company expects:

  • Revenue to increase by 7% to 9% QoQ, including the forecast to recognize the technology licensing revenue estimated at $150 million.
  • Gross margin to range from 25% to 27%.
  • Non-GAAP operating expenses, excluding the effect of employee bonus accrual, government funding, gain or loss on the disposal of machinery and equipment and gain from the disposal of living quarters, to range from $212 million to $218 million.
  • Non-controlling interests of our majority-owned subsidiaries to range from positive $15 million to positive $17 million (losses to be borne by non-controlling interests).

Dr. Zhao HaiJun and Dr. Liang Mong Song, SMIC's co-Chief Executive Officers commented, "Looking back at 2017, we increased annual revenue 6.4% YoY, in line with the foundry industry growth rate. We also successfully ramped up our 28nm technology portfolio and have seen more than 10% revenue contribution in the fourth quarter of 2017. Meanwhile, we have continued to enrich our technology offerings to diversify our revenue streams; for example, our auto and industrial revenue doubled in 2017 compared to 2016.

SMIC is in transition to align to customers' fast technology migration in today's dynamic foundry environment, and we have great opportunities in front of us as the largest and most advanced foundry in China. At the same time, the overall industry dynamic has become more volatile with increased competition and pricing pressure. However, we are confident in our team's capability to utilize this time to prepare, develop and recalibrate our technology, to create greater value for the future."

Conference Call / Webcast Announcement

Date: February 9, 2018
Time: 8:30 a.m. Beijing time
Dial-in numbers and pass code:

China

+86 400-620-8038

(Pass code: SMIC)

Hong Kong

+852 3018-6771

(Pass code: SMIC)

Taiwan

+886 2-2650-7825

(Pass code: SMIC)

United States, New York

+1 845-675-0437

(Pass code: SMIC)

The call will be webcast live with audio at http://www.smics.com/eng/investors/ir_presentations.php or   https://edge.media-server.com/m6/p/hnx3rwog.

An archived version of the webcast, along with an electronic copy of this news release will be available on the SMIC website for a period of 12 months following the webcast.


1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



Review Article Be the first to review this article
Aldec


Featured Video
Editorial
Roberto FrazzoliEDACafe Editorial
by Roberto Frazzoli
Intel’s new CEO: comments from media and analysts
More Editorial  
Jobs
SerDes Applications Design Engineer for Xilinx at San Jose, California
Senior Application Engineer Formal Verification for EDA Careers at California or Austin, California
Technical Marketing Mmanager for EDA Careers at Fremont, California
Product Line Manager for EDA Careers at Multiple, North Carolina
Senior Analog IC Design Engineer for Marvell Semiconductor at Santa Clara, California
Physical Design Engineer for Cirrus Logic, Inc. at Austin, Texas
Upcoming Events
Si2 AI/ML Winter Workshop at United States - Jan 29, 2021
virtual DATE 2021 at France - Feb 1 - 5, 2021
SEMI Technology Unites Global Summit at United States - Feb 15 - 19, 2021
DVCon U.S. 2021 at Virtual - Mar 1 - 4, 2021
Verific: SystemVerilog & VHDL Parsers
TrueCircuits:



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise