SMIC posts record 2Q15 revenues
China-based IC foundry Semiconductor Manufacturing International (SMIC) has reported record revenues of US$546.6 million for the second quarter of 2015, and expects to post another sequential revenue growth in the third quarter.
“SMIC has achieved two quarters of consecutive growth in 2015 and we are guiding an additional quarter of growth for the third quarter. With some customers undergoing inventory adjustments, SMIC has successfully ramped up new products keeping our fabs well utilized,” said company CEO Tzu-Yin Chiu in a statement.
SMIC’s revenues for second-quarter 2015 represented growth of 7.2% sequentially and 6.9% on year. Gross margin for the quarter also climbed to 32.3%, hitting a record high, compared with 29.4% in the prior quarter and 28% a year ago.
SMIC utilized 102.1% of its capacity in the second quarter, compared with 99.7% in the first quarter and 94.6% in second-quarter 2014, the firm disclosed. SMIC shipped a total of 731,730 8-inch equivalent wafers in the second quarter of 2015, while monthly capacity came to 255,750 units.