Press Releases



 All currency figures stated in this report are in US Dollars unless stated otherwise.
The consolidated financial information is prepared in accordance with International Financial Reporting Standards (“IFRS”) and is presented in accordance with IFRS unless otherwise stated below.

Shanghai, China – November 11, 2021 – Semiconductor Manufacturing International Corporation (SEHK: 00981; SSE STAR MARKET: 688981) (“SMIC”, the “Company” or “we”), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended September 30, 2021.

Third Quarter 2021 Highlights

  • Revenue was $1,415.3 million in 3Q21, an increase of 5.3% QoQ from $1,344.1 million in 2Q21, and 30.7% YoY from $1,082.5 million in 3Q20.
  • Gross profit was $467.9 million in 3Q21, an increase of 15.5% QoQ from $405.0 million in 2Q21, and 78.6% YoY from $262.0 million in 3Q20.
  • Gross margin was 33.1% in 3Q21, compared to 30.1% in 2Q21 and 24.2% in 3Q20. 

Fourth Quarter 2021 Guidance

The following statements are forward looking statements based on current expectations and involved risks and uncertainties.The Company expects (in according with IFRS):

  • Revenue to increaseby 11%to 13%QoQ.
  • Gross margin to range from 33% to 35%.

SMIC management commented:“Since SMIC was placed on the “Entity List” by the U.S., the company has faced tremendous challenges in production and operations. Since the beginning of the year, we have focused on the two main priorities of ensuring operation continuity and continuous capacity expansion, realigning the supply chain and finding ways to optimize the procurement process, accelerate supplier qualification, and improve production planning and engineering management. At present, operation continuity has been basically stabilized, expansion of mature technology is progressing in an orderly manner and overall as scheduled, and advanced technology business is steadily improving. Starting from the second quarter, in response to the problem of capacity tightness, we have further defined our capacity allocation tactics. We orderly allocated capacity, optimized production scheduling and looked at the actual end demand from the perspective of end user companies, in order to support the needs of the overall customers and try our best to solve the problem of customer chip shortage.

In the face of complex situations, we continued to adhere to compliant operations, with a spirit of truthfulness and pragmatism, and continued to overcome difficulties with robust resilience, solid strategic focus and precise work tactics. This year's performance is expected to be improved significantly compared to the expectations at the beginning of the year.

Both revenue and gross margin for the third quarter reached record highs. Revenue was $1,415 million, up 5.3% sequentially and 30.7% year-over-year. Gross margin was 33.1%, up 3.0 percentage points sequentially and 8.9 percentage points year-over-year.

The company will continue to maintain growth momentum in the fourth quarter, with revenue expected to grow 11% to 13% sequentially and gross margin expected to range from 33% to 35%. Based on the results of the first three quarters and the guidance for the fourth quarter, the company's full-year revenue growth target is further revised upward to around 39% and gross margin target is maintained at around 30%.

Looking ahead to next year, we believe the overall market prosperity remains positive and the company's capacity shortage as compared to customers’ demand is expected to continue through next year. Building on this year's rapid growth, the company's revenue growth next year is expected to be no less than the industry average. We would like to thank all our employees, customers, suppliers, investors, and community for your trust and support!”

To see the complete results including financial tables, please click here:

Conference Call / Webcast Announcement

Date: Friday,November 12, 2021

Time: 8:30 A.M.    (China Standard Time)


The call will be webcast live at:



Please register in advance for the conference call at:


Recording will be available approximately 1 hour after the event and it will be archived for 12 months.


About SMIC

Semiconductor Manufacturing International Corporation (“SMIC”, SEHK: 00981; SSE STAR MARKET: 688981) and its subsidiaries constituting one of the leading foundries in the world, is the most advanced and the largest foundry withthe broadest technology coverage and the most comprehensive semiconductor manufacturing services in Chinese Mainland. SMIC Group provides integrated circuit (“IC”) foundry and technology services on process nodes from 0.35 micron to 14 nanometer. Headquartered in Shanghai, China, SMIC Group has an international manufacturing and service base. In China, SMIC has a 200mm wafer fabrication facility (“fab”) and an effectively controlled joint-venture 300mm fab for advanced nodes in Shanghai; a 300mm fab and a majority-owned 300mm fab in Beijing; a 200mm fab in Tianjin and a majority-owned 200mm fab in Shenzhen. SMIC Group also has marketing and customer service offices in the U.S., Europe, Japan, and Taiwan, China, and a representative office in Hong Kong, China.

For more information, please visit

Forward-Looking Statements

This release contains, in addition to historical information, forward-looking statements. These forward-looking statements, including statements under “Quarterly Guidance”, “Capex Summary” and the statements contained in the quotes of our Co-Chief Executive Officers and Chief Financial Officer are based on SMIC's current assumptions, expectations, beliefs, plans, objectives, and projections about future events or performance. SMIC uses words like “believe”, “anticipate”, “intend”, “estimate”, “expect”, “project”, “target”, “going forward”, “continue”, “ought to”, “may”, “seek”, “should”, “plan”, “could”, “vision”, “goals”, “aim”, “aspire”, “objective”, “schedules”, “outlook” and similar expressions to identify forward looking statements, although not all forward-looking statements contain these words. These forward-looking statements are necessary estimates reflecting judgment of SMIC's senior management and involve significant risks, both known and unknown, uncertainties and other factors that may cause SMIC's actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements including, among others, risks associated with cyclicality and market conditions in the semiconductor industry, intense competitionin the semiconductor industry, SMIC's reliance on a small number of customers, timely wafer acceptance by SMIC's customers, timely introduction of new technologies, SMIC's ability to ramp new products into volume, supply and demand for semiconductor foundry services, industry overcapacity, shortages in equipment, components, raw materials and software, availability of manufacturing capacity, financial stability in end markets, orders or judgments from pending litigation, intensive intellectual property litigation in the semiconductor industry, general economic conditions and fluctuations in currency exchange rates.

In addition to the information contained in this release, you should also consider the information contained in our other filings with The Stock Exchange of Hong Kong Limited (“SEHK”) and Shanghai Stock Exchange (“SSE”) from time to time. Other unknown or unpredictable factors also could have material adverse effects on our future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated or, if no date is stated, as of the date of this release. Except as required by applicablelaws, SMIC undertakes no obligation and does not intend to update any forward-looking statementto reflect events or circumstances after the date on which such statement is made, or to reflect the possible or actual occurrence of unanticipated events after the date on which such statement is made, whether as a result of new information, future events or otherwise.

About Non-International Financial Reporting Standards (“non-IFRS”) Financial Measures

To supplement SMIC’s consolidated financial results presented in accordance with IFRS, SMIC uses the presentation of non-IFRS financial measures, including EBITDA, EBITDA margin and non-IFRS operating expenses in this release. The presentation of non-IFRS financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with IFRS. These non-IFRS financial measures are not calculated or presented in accordance with, and are not alternatives or substitutes for financial measures prepared in accordance with IFRS, and should be read only in conjunction with the Group's financial measures prepared in accordance with IFRS. The Group's non-IFRS financial measures may be different from similarly-titled non-IFRS financial measures used by other companies.

SMIC believes that use of these non-IFRS financial measures facilitates investors’ and management’s comparisons to SMIC’s historical performance. The Group’s management regularly uses these non-IFRS financial measures to understand, manage and evaluate the Group's business and make financial and operational decisions.

The accompanying table has more information and reconciliations of each non-IFRS financial measure to its most directly comparable IFRS financial measure.

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