The Digital Source For China's Tech Innovation Since 2000

Search
Close

SMIC Reports 2005 Second Quarter Results

July 29, 2005
Gadgets & Electronics

Semiconductor Manufacturing International Corporation (SMI) has announced its consolidated results of operations for the three months ended June 30, 2005. Sales increased 12.3% in the second quarter of 2005 to $279.5 million from $248.8 million in the prior quarter.

The company reported an increase in capacity to 139,025 8-inch equivalent wafers per month and a utilization rate of 87% in the second quarter of 2005. Net loss increased to $40.4 million in the second quarter of 2005 compared to a loss of $30.0 million in the first quarter of 2005.

Based on the demand forecasts provided by SMIC's customers, the company believes that the second half of 2005 will be a period of financial growth and improvement and have increased their projected capital expenditure budget to $1.1 billion for 2005.

With the semiconductor industry gearing up for a rebound in the second half of the year, SMIC have secured an additional $600 million in financing that will be more than sufficient to covertheir funding requirements for 2005.

During Q2 SMIC added 20 new customers, over half of which came from Mainland China.

Tags: capital | China | finance | financial | financing | international | loss | manufacturing | sales | semiconductor | Semiconductor Manufacturing International Corporation | SMI | SMIC | Three

Other Related News:

Florida Or China Headline Game 7-25-2022

July 26, 2022

Audi-FAW Electric Vehicle Venture In China Delayed 24HTECH.ASIA

March 31, 2022

Shangri-la's Golden Circle Opens Membership To Public With Enhanced Benefits

October 21, 2010

Cibc World Markets Corp Makes New Investment in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

May 21, 2022

Ministry Of Culture Bans Four Computer Games

May 24, 2006

Meitav Dash Investments Ltd. Raises Stake in KraneShares CSI China Internet ETF (NYSEARCA:KWEB)

December 25, 2021

AsiaInfo Constructing Business Support System For Intelligent Network Backbone

March 18, 2004

Culturecom Takes On Wintel Via Linux

February 2, 2004

SK, China Unicom Purchase Over One Million Mobile Phones

September 27, 2006
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter