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The latest announcement is out from Semiconductor Manufacturing International ( (HK:0981) ).
SMIC reported a 27% increase in revenue year-over-year in 2024, reaching $8.03 billion, although profit attributable to owners decreased by 45.4% due to reduced investment and financial income. The company achieved a gross margin of 22.6% in the fourth quarter of 2024, showcasing operational improvements. Despite the profit decline, SMIC expects revenue to grow between 6% to 8% in the first quarter of 2025, with gross margins ranging from 19% to 21%, positioning itself for continued growth above the industry average in 2025.
More about Semiconductor Manufacturing International
Semiconductor Manufacturing International Corporation (SMIC) is one of the leading semiconductor foundries in the world, headquartered in Shanghai, China. The company is known for manufacturing a wide range of semiconductor products and is involved in the production of standard logic wafers with a significant presence in the global semiconductor market.
Average Trading Volume: 338,721
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