Chip foundry SMIC to invest $7.5 bn in Tianjin

Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) said it signed a framework agreement for a 12-inch foundry production line in Tianjin with registered capital of $5 billion and planned investment of $7.5 billion.
SMIC at a trade event
SMIC spent $2.5 billion on capital expenditures in the first half of the year and increased its 8-inch equivalent capacity by 53,000 wafers per month.

SMIC reported revenue of $1.9 billion in second quarter of 2022, an increase of 3.3 percent QoQ from$1.84 billion in 1Q22, and 41.6 percent YoY from $1.34 billion in 2Q21.

SMIC’s gross profit was $750.5 million in 2Q22, compared to $750.3 million in 1Q22, and 85.3 percent YoY from $405.0 million in 2Q21.

SMIC’s gross margin was 39.4 percent in 2Q22, compared to 40.7 percent in 1Q22 and 30.1 percent in 2Q21.

Latest

More like this
Related

Dimensity 8450 vs Snapdragon 8 Elite: Which chip offers best AI, gaming, and 5G experience?

MediaTek Dimensity 8450 and Qualcomm Snapdragon 8 Elite represent two of the...

MediaTek launches Dimensity 8450 to redefine 5G smartphone experience

MediaTek has unveiled its latest innovation, the Dimensity 8450...

Qualcomm to buy Alphawave Semi for $2.4 bn in data center push

Qualcomm announced the acquisition of Alphawave Semi for approximately...

How Micron LPDDR5X memory is enhancing AI mobile experience

Micron Technology today announced the sampling of the world’s...