Semiconductor Manufacturing International Corporation (0981.HK)
| Previous close | 16.020 |
| Open | 16.440 |
| Bid | 16.260 x 0 |
| Ask | 16.280 x 0 |
| Day's range | 15.960 - 16.440 |
| 52-week range | 13.880 - 25.200 |
| Volume | |
| Avg. volume | 35,987,153 |
| Market cap | 189.071B |
| Beta (5Y monthly) | 0.14 |
| PE ratio (TTM) | 18.91 |
| EPS (TTM) | 0.860 |
| Earnings date | 10 May 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 19.39 |
ReutersChinese chip maker SMIC books 20% surge in quarterly revenue but wary about future demand
BEIJING (Reuters) -SMIC, China's largest contract chipmaker, said first-quarter revenue surged by a fifth as both domestic and global customers rebuilt inventories, but expressed caution about the outlook for demand in the second half of the year. "Compared to the fourth quarter, our global customers were more willing to build up inventory...while in the domestic market, some customers managed to boost their market share and wanted to lock in orders to solidify their position," Co-CEO Zhao Haijun said during an earnings call on Friday. Zhao added, however, that the outlook was unclear and SMIC was monitoring whether its customers had overestimated demand for the second half.
BloombergSMIC ‘Potentially’ Broke Law If It Made Huawei Chip, US Says
(Bloomberg) -- Chinese chipmaker Semiconductor Manufacturing International Corp. “potentially” broke American law if it manufactured a processor for sanctioned telecom giant Huawei Technologies Co., a senior US official said.Most Read from BloombergTrump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleTrump Vows to Pay Fraud Trial Bond Cut by 68% to $175 MillionBiden Gains Ground Against Trump in Six Key States, Poll ShowsVital Baltimore Bridge Collapses After Being St
ReutersHuawei, SMIC used US tech to make advanced chips, Bloomberg reports
SMIC used technology from California's Applied Materials Inc and Lam Research Corp to develop an advanced 7-nanometer chip for Huawei last year, the report said on Thursday, adding that SMIC obtained the American machinery before the U.S. banned such sales to China in October 2022. White House Commerce Department, Huawei, Applied Materials, Lam Research and SMIC did not immediately respond to Reuters' requests for comment.
