SMIC ends 2012 with record revenues

07 Feb 2013

Jessie Shen, DIGITIMES
7 February 2013

Semiconductor Manufacturing International Corp. (SMIC) saw its revenues climb to a record US$485.9 million in the fourth quarter of 2012. Revenues for the entire year also hit an all-time high of US$1.7 billion, according to the China-based IC foundry.

SMIC's sales for fourth-quarter 2012 represented growth of 5.4% sequentially, beating the 0-2% sequential growth predicted by the firm previously. SMIC generated a fourth-quarter gross margin of 19.9%, which was at the high end of its guidance range.

Net income attributable to SMIC was US$39.7 million in the fourth quarter of 2012, compared to the US$12 million registered in the prior quarter. Diluted EPS came to US$0.06 per ADS.

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