Press Releases

SMIC Reports 2019 Second Quarter Result

08 August 2019


  •   Revenue was $790.9 million in 2Q19, an increase of 18.2% QoQ from $668.9 million in 1Q19, compared to $890.7 million in 2Q18 and $837.9 million (excluding technology licensing revenue) in 2Q18.
  •   Gross profit was $151.2 million in 2Q19, an increase of 23.8% QoQ from $122.1 million in 1Q19, compared to $217.8 million in 2Q18 and $165.0 million (excluding technology licensing revenue) in 2Q18.
  • Gross margin was 19.1% in 2Q19, compared to 18.2% in 1Q19, 24.5% in 2Q18 and 19.7% (excluding technology licensing revenue) in 2Q18. 

Shanghai, China – August 8, 2019. Semiconductor Manufacturing International Corporation (SEHK: 981; OTCQX: SMICY) (“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 June 30, 2019.

Third Quarter 2019 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 toincreaseby 0%to 2% QoQ and toincreaseby 2%to 4% QoQ (excluding the contribution from the Avezzano fab).
  • Gross margin to range from 19% to 21%.
  • Non-GAAP operating expenses, excluding the effect of employee bonus accrual, government funding, impairment loss of tangible and intangible assets, gain or loss on the disposal of machinery and equipment, gain from the disposal of living quarters,and gain from the disposal of subsidiary, to range from $294million to $300million.
  • Non-controlling interests of our majority-owned subsidiaries to range from positive $25million to positive $27million (losses to be borne by non-controlling interests).

Dr. Zhao Haijun and Dr. Liang Mong Song, SMIC’s Co-Chief Executive Officers commented, “Though uncertainty in the macro environment remains, as the industry recovers, we continue to optimize internally and exit this period of transition. At the same time, we are seeing significant business growth in our mature-node technology platforms accompanied by consistent breakthroughs in leading-edge technology.

Our second quarter growth was strong, as smartphones and IoT devices drove demand; as a result, revenue grew 18% quarter over quarter. Meanwhile, the sequential growth of revenue from China and Eurasia regions was significant, increasing 25% and 34% respectively.

Furthermore, FinFET research and development continues to accelerate. Our 14nm is in risk production and is expected to contribute meaningful revenue by year-end. In addition, our second generation FinFET N+1 has already begun customer engagement. We maintain long-term and steady cooperation with customers and clutch onto the opportunities emerging from 5G, IoT, automotive and other industry trends.”


Conference Call / Webcast Announcement 

Date: August 9, 2019

Time: 8:30 a.m. Beijing time

Dial-in numbers:


+86 400-620-8038

(Pass code: SMIC)

Hong Kong

+852 3018-6771

(Pass code: SMIC)


+886 2-5572-3895

(Pass code: SMIC)

United States


(Pass code: SMIC)

The call will be webcast live with audio at: or

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.