SHANGHAI, Nov. 15, 2012 /PRNewswire/ -- Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981), China's largest and most advanced semiconductor foundry, held an "Analyst & Investor Day" at SMIC's Beijing site on Monday. About 20 domestic and overseas analysts from investment banks and investment funds were in attendance.
The event focused on the theme of "seizing market opportunities, deepening strategic differentiation and realizing sustainable profitability." Mr. Peng Hongbing, Vice Director-General of the Ministry of Industry and Information Technology's Electronic Information Department, described the government's policy support for China's semiconductor industry and highlighted the long-term continuous growth of China's semiconductor market. Mr. Chen Xian, Secretary General of the China Semiconductor Industry Association, surveyed the development status of China's semiconductor industry and analyzed its development opportunities.
In his opening speech, SMIC CEO Dr. Tzu-Yin Chiu explained the company's strategy. SMIC's short-term goal is to fully utilize its existing capacity and improve efficiency. Its medium-term goal is technology differentiation, and its long-term goal is to continue its advanced technology development. In addition, senior SMIC executives spoke about the company's global marketing strategy, progress in technology development and enhancements to capacity utilization, production line flexibility and customer service. Dr. Charlie Zhi, President and CEO of Brite Semiconductor, introduced the IP ecosystem that Brite and SMIC provide for Chinese fabless companies to help speed their time-to-market.
One participant commented: "I'm very thankful for this Analyst & Investor Day. It not only provided an opportunity to meet with company management; we also were able to directly interact with officials from the government and industry association. I now have a better understanding of SMIC's operations and strategy, and the overall prospects of the Chinese semiconductor industry."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV