SMIC's Zhao Haijun: Demand from Chinese Customers Grows Faster than Overall Demand

On November 13, Zhao Haijun, co-CEO of SMIC, stated at the third-quarter earnings conference that in the third quarter, sales revenue from China and the United States accounted for 90.8% and 7.8%, respectively. Sales revenue from China increased by 7% quarter-on-quarter, mainly due to the growth rate of demand from Chinese customers being higher than the overall demand growth of the company. The company adjusted its production capacity accordingly to meet customer demand. By wafer size, the revenue share from 12-inch and 8-inch wafers remained stable at 79% and 21%, respectively; revenue from 12-inch and 8-inch wafers increased by 9% and 4% quarter-on-quarter, mainly due to strong customer demand, leading the company to focus on expanding production primarily on the 12-inch production line.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.