Since the arrival of its new management team in the third quarter of 2011, SMIC's refined strategy has helped it achieve record-high revenue as well as profitability for two consecutive quarters. The company recently projected that full-year revenue in 2012 will reach an all-time high.
Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981) is one of the leading semiconductor foundries in the world and the largest and most advanced foundry in Mainland China, providing integrated circuit (IC) foundry and technology services at 0.35-micron to 40-nanometer. Headquartered in
, SMIC has a 300mm wafer fabrication facility (fab) and three 200mm wafer fabs in its
mega-fab, two 300mm wafer fabs in its
mega-fab, a 200mm wafer fab in
, and a 200mm fab under construction in
. SMIC also has customer service and marketing offices in the U.S.,
, and a representative office in
. In addition, SMIC manages and operates a 300mm wafer fab in
owned by Wuhan Xinxin Semiconductor Manufacturing Corporation.
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(Under the Private Securities Litigation Reform Act of 1995)
This press release contains, in addition to historical information, "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on SMIC's current assumptions, expectations and projections about future events. SMIC uses words like "believe," "anticipate," "intend," "estimate," "expect," "project" and similar expressions to identify forward-looking statements, although not all forward-looking statements contain these words. These forward-looking statements involve significant risks, both known and unknown, uncertainties and other factors that may cause SMIC's actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements, including among others risks associated with the current global economic slowdown, orders or judgments from pending litigation and financial stability in end markets.