TapTechNews August 9th news, the leading wafer foundry in Chinese mainland, Semiconductor Manufacturing International Corporation (SMIC), released its second quarter financial report for 2024 yesterday. The sales revenue was 1.9013 billion US dollars (TapTechNews note: currently about 13.635 billion Chinese yuan), with an estimated 1.84 billion US dollars, an increase of 8.6% quarter-on-quarter and 21.8% year-on-year.
Dr. Zhao Haijun, the co-CEO of SMIC, said at the company's performance meeting that the overall pattern for the whole year has basically been determined, and the goal is to have a sales revenue increase exceeding the average of the same industry year-on-year, and the sales revenue in the second half of the year exceeds that in the first half.
Zhao Haijun disclosed that in terms of capacity expansion, it is expected that by the end of this year compared to the end of last year, the overall capacity increase will be about 60,000 12-inch wafers. Currently, the capacity at the 12-inch node is tight, the price is favorable, and at the same time, the added value of 12-inch is relatively high, and the new capacity will also be fully utilized, promoting the optimization and adjustment of the product portfolio, therefore, it is expected that the average unit price will increase quarter-on-quarter in the third quarter and drive the gross profit margin to increase quarter-on-quarter.
The sales revenue and gross profit margin of SMIC in the second quarter are both better than the guidance. Looking forward to the third quarter, the revenue guidance given by SMIC is a 13% to 15% increase quarter-on-quarter, and the gross profit margin is within the range of 18% to 20%.