SMIC Releases 2019 Q1 Financial Report
SMIC’s 2019 Q1 financial report shows that its Q1 2019 revenue was US$668.9 million; market estimation was US$657.5 million. Net profit was US$12.3 million, with market estimation of a loss equaling US$44.4 million.
Research and development expenditures in Q1 2019 decreased by $578.077 million. The planned capital expenditure for fab operations in 2019 is approximately $2.1 billion, which is mainly used for SMIC’s machines and equipment at the 300mm fab in Shanghai and for the FinFET R&D line.
Monthly production capacity for 8-inch wafers in Q1 2019 increased to 466,575 units, due to the capacity expansion enabled by the Beijing 300mm fab.
According to SMIC co-CEO Mengsong Liang, FinFET R&D is progressing smoothly, 12nm process development has entered customer introduction, and next-generation FinFET R&D has been progressing on the basis of past accumulation.
First Intelligent Terminal Museum Settled in Yibin
The first China International Intelligent Terminal Industry Development Conference was held in Yibin on May 9. The opening ceremony for the Intelligent Terminal Museum was also held during the conference.
In 2018, intelligent terminals made in Yibin reached 26.8 million units and accessories exceeded 130 million, contributing to the trends of scalability and centralization and forming an industry cluster of R&D, manufacturing and sales. The Intelligent Terminal Museum was set up in response to these developments.
China Q1 Electronic Information Manufacturing Year-on-Year Growth 7.8%
This week, the Ministry of Industry and Information Technology (MIIT) announced Q1 2019 electronic information manufacturing figures for China. Year-on-year (YoY) growth was 7.8%, a 4.7% drop in growth rate. Export delivery value achieved year-on-year growth of 2.9%, with growth rate down 6.7%. Smartphone output in Q1 reduced by 13.8% YoY, while electronic components production fell by 10.1%. IC throughput was down by 8.7%, and laptop production exhibited a 3.0% reduction.