Edition:
United States

Semiconductor Manufacturing International Corp (SMI)

SMI on New York Consolidated

6.53USD
7 Dec 2016
Change (% chg)

-- (--)
Prev Close
$6.53
Open
--
Day's High
--
Day's Low
--
Volume
5,000
Avg. Vol
137,167
52-wk High
$7.19
52-wk Low
$3.84

Latest Key Developments (Source: Significant Developments)

Tsinghua Unigroup's unit increases stake in SMIC to 6.66 pct- HKEx filing
Thursday, 10 Nov 2016 06:30am EST 

Semiconductor Manufacturing International Corp <0981.HK> : Tsinghua Unigroup's unit bought 487.7 million shares in Semiconductor Manufacturing International Corp <0981.HK> at an average price of HK$1.056 a share on Nov 4 .Tsinghua Unigroup's unit owns 6.66 percent stake in Semiconductor Manufacturing International Corp after transaction, from 5.5 percent previously.  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

SMIC updates on acquisition of 70 pct of LFoundry s.r.l.<0981.HK>
Friday, 24 Jun 2016 10:35am EDT 

SMIC <0981.HK>: Discloseable transaction acquisition of 70% of the corporate capital of LFoundry s.r.l. <0981.HK> . Company, LFoundry Europe and Marsica entered into the sale and purchase agreement . Deal for an aggregate cash consideration of EUR49 million . Lfoundry Europe and Marsica each agreed to sell to the company 35% of the corporate capital of the target company .  Full Article

SMIC updates on partnership agreement for the establishment of a fund<0981.HK>
Friday, 24 Jun 2016 05:34am EDT 

SMIC <0981.HK>: Connected transaction - entering into partnership agreement for the establishment of a fund <0981.HK> . Shanghai zhaoxin as the general partner and China IC Fund and China IC Capital as the initial limited partners entered into the Partnership Agreement . The total capital commitment to the fund is expected to be RMB2 billion .  Full Article

SMIC proposes issue of $450 mln zero coupon convertible bonds due 2022<0981.HK>
Tuesday, 7 Jun 2016 08:06pm EDT 

SMIC <0981.HK>: 1) proposed issue of US$450 million zero coupon convertible bonds due 2022 (2) pre-emptive rights of datang, country hill and China ic fund <0981.HK> . Application will be made to the Hong Kong stock exchange for the listing of, and permission to deal in, the conversion shares . Says intends to use net proceeds from the issue of the placed bonds for capital expenditure for capacity expansion .  Full Article

SMIC reports Q1 2016 net profit of $61.4 million<0981.HK>
Thursday, 12 May 2016 06:38am EDT 

SMIC <0981.HK>: SMIC reports unaudited results for the three months ended March 31, 2016 . Q1 2016 net profit $61.4 million versus $55.5 million in Q1 2015 last year . Q1 2016 revenue $634.3 million million versus $ 509.8 million in Q1 2015 last year . Q1 2016 gross margin 24.2 percent versus 29.4 percent in Q1 2015 last year . Sees gross margin to range from 25% to 27% for Q2 2016 . Sees revenue to increase by 3% to 7% for Q2 2016 . Sees non-GAAP operating expenses to range from $115 million to $120 million for Q2 2016 . Expect growth again in the second quarter, but remain constrained by the pace of capacity growth . Optimistic in the long-term .  Full Article

Semiconductor Manufacturing International Corp gives Q1 2016 revenue guidance
Thursday, 18 Feb 2016 06:41am EST 

Semiconductor Manufacturing International Corp:Expects Q1 2016 revenue to increase by 1% to 3% quarter over quarter.  Full Article

Semiconductor Manufacturing International Corp gives Q4 2015 revenue guidance
Tuesday, 10 Nov 2015 06:09am EST 

Semiconductor Manufacturing International Corp:Expects Q4 2015 revenue to increase by 3 pct. to 6 pct. quarter over quarter.  Full Article