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SMIC’s management said that the demand for chips has been remaining strong

On August 7th , SMIC(Semiconductor Manufacturing International Corporation) operated its first quarterly earnings teleconferencing after its IPO on Sci-Tech innovation board (STAR Market).The company’s management believed that despite many difficulties in the global economy, the demand for chips has been remaining strong and capacity utilization has been remaining high in the semiconductor industry due to the driving force by many new applications.SMIC’s second-quarter revenue and net profit both peaked new single-quarter highs.

Analysts said that SMIC, the mainland’s only wafer foundry with advanced technology, is responsible for the autonomous control of the core link.

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Jack Chan

Editor in chief of FirmKnow News.
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