Edition:
United States

Semiconductor Manufacturing International Corp (SMI.N)

SMI.N on New York Stock Exchange

6.57USD
24 Mar 2017
Change (% chg)

$-0.02 (-0.30%)
Prev Close
$6.59
Open
$6.57
Day's High
$6.60
Day's Low
$6.55
Volume
21,485
Avg. Vol
45,887
52-wk High
$7.73
52-wk Low
$3.87

Latest Key Developments (Source: Significant Developments)

Semiconductor Manufacturing International Corp reaffirms Q4 guidance
Thursday, 19 Jan 2017 04:58am EST 

Semiconductor Manufacturing International Corp : Reaffirms Fourth Quarter 2016 Guidance <0981.HK> . revenue for q1 of 2017 is expected to grow on a year over year basis and decline mildly quarter over quarter . target an annual revenue growth of around 20% in 2017 .maintain target to grow at 20% compounded annually from 2016 to 2019.  Full Article

Unisplendour Technology Investment (HK) increases stake in SMIC to 8.04 pct
Wednesday, 28 Dec 2016 08:35am EST 

Semiconductor Manufacturing International Corp <0981.HK> : Unisplendour Technology Investment (HK) bought 13.23 million shares Of Semiconductor Manufacturing International Corp <0981.HK> at an average price of HK$10.41 on Dec 20 - HKEx filing .Unisplendour technology investment (HK) owned 8.04 percent of Semiconductor Manufacturing International Corp after the transaction - HKEx filing.  Full Article

Semiconductor Manufacturing International says Shang-Yi Chiang appointed non-exec director
Tuesday, 20 Dec 2016 11:12pm EST 

Semiconductor Manufacturing International Corp <0981.HK> :Shang-Yi Chiang has been appointed as a class iii independent non-executive director.  Full Article

Semiconductor Manufacturing International says qtrly net profit $113.6 mln
Monday, 7 Nov 2016 06:44am EST 

Semiconductor Manufacturing International Corp <0981.HK>: Revenue was a record high of $774.8 mln in 3q16, an increase of 12.3% qoq . Gross margin was 30.0% in 3q16, compared to 31.6% in 2q16 and 32.0% in 3q15. . Net profit for period attributable to SMIC was $113.6 mln in 3q16, as compared to $97.6 mln in 2q16 . Gross profit was $232.1 mln in 3q16, compared to $217.8 mln in 2q16 and $182.4 mln in 3q15. . Sees q4 revenue to increase by 5% to 7% qoq. . Sees q4 gross margin to range from 28% to 30%. . "SMIC is seeing robust demand across board" . "Reiterate our growth target of 20% compounded annual growth from 2016 to 2019." . Forecasting growth for both 4q16 and 1q17 given current visibility ."We are on track to achieve another record year of revenue and net profit attributable to SMIC".  Full Article

Semiconductor Manufacturing International proposes share consolidation
Sunday, 2 Oct 2016 10:58pm EDT 

Semiconductor Manufacturing International Corp <0981.HK> :Board proposes share consolidation of every ten of us$0.0004 each into one consolidated share of us$0.004 each.  Full Article

Semiconductor Manufacturing International enters into framework agreement with SMNC
Friday, 30 Sep 2016 09:30am EDT 

Semiconductor Manufacturing International Corp <0981.HK> : Company and Semiconductor Manufacturing North China (Beijing) Corporation (SMNC) entered into framework agreement .Agreement in relation to supply of goods and services, leasing of assets, transfer of equipment.  Full Article

Semiconductor Manufacturing International Corp proposes 10 to 1 share consolidation
Friday, 30 Sep 2016 09:28am EDT 

Semiconductor Manufacturing International Corp <0981.HK> : Board proposes to put forward a proposal to shareholders to effect share consolidation .Consolidation of every 10 issued, unissued existing shares of us$0.0004 each into 1 consolidated share of us$0.004 each.  Full Article

SMIC says qtrly net profit $97.6 mln<0981.HK>
Wednesday, 10 Aug 2016 08:56am EDT 

SMIC <0981.HK>: SMIC reports unaudited results for the three months ended June 30, 2016 <0981.HK> . Revenue was a record high of $690.2 million in 2q16, an increase of 8.8% qoq from $634.3 million in 1q16 . Expects Q3 revenue to increase by 8% to 11% quarter over quarter . Net profit for the period attributable to smic was $97.6 million in 2q16, as compared to $61.4 million in 1q16 . Expects Q3 gross margin to range from 28% to 30%. . Planned 2016 capital expenditures for foundry operations are approximately $2.5 billion . Planned 2016 capital expenditures for non-foundry operations are approximately $50 million . Sees Q3 non-GAAP operating expenses excluding items to range from $140 million to $145 million. .  Full Article

SMIC updates on framework agreement with SMNC<0981.HK>
Friday, 15 Jul 2016 09:47am EDT 

SMIC <0981.HK>: Continuing connected transactions - supply of goods and services, leasing of assets, transfer of equipment and provision of technical authorisation and licensing . Company expects to enter into a framework agreement with SMNC (Semiconductor Manufacturing North China (Beijing)) in relation to the continuing connected transactions within the next few months .Company and SMNC will continue to engage with one another in relation to the supply of goods and services, leasing of assets.  Full Article

SMIC says SMIC Beijing and SMNC entered into a fund management agreement<0981.HK>
Friday, 8 Jul 2016 08:00am EDT 

SMIC <0981.HK>: Centralised fund management agreement with Semiconductor Manufacturing north China (Beijing) Corporation <0981.HK> . SMIC Beijing and SMNC entered into the centralised fund management agreement .  Full Article

More From Around the Web